News

A.M. Best: COUNTRY Financial maintains Superior Rating, despite current economic climate

March 30, 2010

COUNTRY Financial has once again received an A+ Superior rating for its property/casualty and primary life and health companies from A.M. Best Company, an independent insurance rating agency.

COUNTRY life/health and property/casualty companies have retained Best’s highest rating category for 75 consecutive years.

“We are proud to maintain our financial strength during such a difficult economic time,” says Dave Magers, COUNTRY chief financial officer. “A.M. Best looks at every aspect of our business to determine these ratings. Clients have relied on us for 85 years, and these rankings confirm our financial strength and performance, which we will continue to put to work for our clients.”

 

Property/casualty companies

March 30, 2010

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

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

March 30, 2010

According to A.M. Best, the A+ Superior rating for Life was partially based on “its superior absolute and risk-adjusted capitalization as well as improved direct premium growth trends.”

 

Cotton States Life Insurance

March 30, 2010

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

According to A.M. Best, “CSLI’s affiliation with COUNTRY Financial is expected to benefit the company through unit cost reductions as well as an increased breadth of product offerings available to its sales force.”

 

About A.M. Best

March 30, 2010

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.

About COUNTRY Financial and Cotton States

COUNTRY Financial serves one million households and businesses throughout the United States. It has nearly 2,000 exclusive agents in 14 Midwestern and Western states who help clients protect what they have, save for a comfortable future, and achieve financial security. COUNTRY is celebrating its 85th year in business and offers a full range of financial products and services from auto, home and life insurance to retirement planning services, investment management and annuities.

Cotton States Insurance, an affiliate of COUNTRY Financial, has been providing quality insurance and financial services to residents of the Southeast since 1941. Backed by a tradition of dependability and service, Cotton States financial representatives are dedicated to meeting the financial security needs of families located in Georgia, Alabama, Florida and Tennessee.