(PRESS RELEASE) NEENAH, WI – Jewelers Mutual Insurance Company, a member of the Jewelers Mutual Insurance Group, earned its 32nd consecutive A+ Superior financial strength rating from A.M. Best Company.
“Jewelers Mutual is honored to have received this consecutive positive rating from A.M. Best Company,” said Scott Murphy, Jewelers Mutual’s president and CEO. “We believe it is a reflection of how our diligence and planning is setting our company up to remain successful well into the future.
“We focus on how the decisions we make will impact our policyholders and enhance their experiences with us. Doing what’s in their best interest is the center stone of our strategy.
“Without the support and loyalty of our policyholders, we would never be able to accomplish what we have. Thank you for your trust in Jewelers Mutual and thank you to A.M. Best Company for the continued recognition of our financial direction.”
In their review, A.M. Best’s rating references Jewelers Mutual Insurance Company’s strong risk-adjusted capitalization, operating results and liquidity. The ratings also consider Jewelers Mutual’s excellent risk management practices and reputation as the nation’s leading insurance company specializing in jewelry insurance and the jewelry industry.
The rating also recognizes company management’s focus and adherence to its core competency as well as extensive loss control programs and well-diversified geographic scope, operating in the United States and Canada. In addition, the company maintains active involvement in loss prevention activities for the jewelry industry.
A.M. 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 A.M. Best are derived after a comprehensive quantitative and qualitative analysis of a company’s balance sheet strength, operating performance and business profile.
For more information on A.M. Best’s rating process and methodologies, visit ambest.com.