A.M. Best Revises Issuer Credit Rating Outlook to Positive for Members of Church Mutual Insurance Group
The revised Long-Term ICR outlook reflects Church’s strong risk-adjusted capitalization, management’s extensive knowledge of its specialty niche market and strong brand recognition within the religious community. The outlook further reflects the group’s consistent underwriting and operating results in recent years, derived from its customer-focused market strategy and developed enterprise risk management capabilities that have strengthened the capital position. In addition, Church has expanded its business profile as reflected by the successful launch of CM Vantage and acquisition/integration of CM Regent.
These positive rating factors are partially offset by the group’s exposure to weather-related events, above average common stock leverage and inherent challenges associated with operating in its specialty niche market of insuring religious and religious-affiliated organizations. Prospectively,
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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