Articles and News
Jewelers Mutual Earns 36th Consecutive AM Best A+ Rating December 19, 2022 (0 comments)
Neenah, WI--Jewelers Mutual Insurance Company, SI (a stock insurer), a member insurer of the Jewelers Mutual Group, announced in a news release that it earned its 36th consecutive "A+ Superior" rating from AM Best.
The company said in the release that the rating was a reference to its risk-adjusted capitalization, operating results and liquidity, risk management practices, and "reputation as the nation's leading insurance company specializing in jewelry insurance for over a century."
"To be recognized 36 years in a row by AM Best with one of its highest ratings signifies our long-standing stability and commitment to our more than one million customers," said Scott Murphy, Jewelers Mutual's president and chief executive officer, as per the news release. "This year, we have maintained strong results while growing and evolving to meet their changing needs. We continue to reimagine how we serve our customers and remain focused on delivering unmatched value that elevates their experiences with us."
AM Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. Ratings from AM Best are derived following a comprehensive quantitative and qualitative analysis of a company's balance sheet strength, operating performance and business profile. For more information on AM Best's rating process and methodologies, visit web.ambest.com.