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A.M. Best Confirms Superior Rating for COUNTRY

April 17, 2009

COUNTRY Life has retained Best’s highest rating category for more than 75 consecutive years, and COUNTRY Mutual has earned the rating for more than 70 years.

“Even in the current, volatile economic situation, COUNTRY remains financially strong. A.M. Best looks at every aspect of our business – management, profitability and claims history,” says Dave Magers, COUNTRY chief financial officer. “For more than 80 years, we have focused on long-term financial strength. We continue to help our clients achieve financial security no matter where they’re starting from.”

 

Property/casualty companies

April 17, 2009

According to A.M. Best, the A+ Superior rating for the property and casualty companies was based on “an effective distribution network, customer loyalty, local market knowledge and a conservative business strategy.”

The A+ Superior rating applied to all nine companies in the COUNTRY property and casualty group:

  • COUNTRY Casualty Insurance Company
  • COUNTRY Mutual Insurance Company
  • COUNTRY Preferred Insurance Company
  • Cotton States Mutual Insurance Company, Atlanta, Ga.
  • Holyoke Mutual Insurance Company, Salem, Mass.
  • MSI Preferred Insurance Company
  • Middlesex Mutual Assurance Company, Middletown, Conn.
  • Shield Insurance Company, Atlanta, Ga.

 

Life/health companies

April 17, 2009

The COUNTRY Life Insurance Company and its subsidiary, COUNTRY Investors Life Assurance Company, were also rated A+ Superior based on their “consolidated strength,” according to A.M. Best.

Cotton States Life Insurance Company of Atlanta, Ga., a COUNTRY affiliate, maintained its rating of A- Excellent.

About A.M. Best

A.M. Best is an independent, third-party rating organization, which evaluates insurance companies based on the same criteria to provide a benchmark for comparing insurers regardless of geographic location. A.M. Best rated the financial strength of insurance companies and their ability to meet ongoing obligations to clients.