AM Best Upgrades Credit Ratings for Georgia Farm Bureau Group Members
The Credit Ratings (ratings) reflect Georgia Farm Bureau’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
The upgrade of the ratings reflects improvements
The continuation of the positive outlook on the Long-Term ICR reflects continued improvements in the group’s operating performance, driven by proactive underwriting initiatives that have successfully lowered volatility and improved profitability levels. If these results continue, AM Best anticipates a potential revision in the group’s operating performance assessment.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
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Source: AM Best
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