Texas Mutual Insurance Co. announced it has received a financial strength rating of “A” (excellent) and an issuer credit rating of “a” from A.M. Best Co.
A.M. Best also assigned the outlook of stable to both ratings.
A.M. Best noted: “The ratings reflect Texas Mutual’s superior risk-adjusted capitalization, strong underwriting and overall operating performance, and leading position in the Texas workers’ compensation market. The ratings also acknowledge the company’s experienced management team, knowledge of the Texas market, comprehensive enterprise risk management, reputation among policyholders for a high level of service and profit sharing, effective claims management, medical network and loss control services, commitment to reserve adequacy, and prudent investment management.”
Texas Mutual sought these ratings from A.M. Best to provide policyholders with a third-party review and assurance of the company’s financial strength, current stability and perceived stability for the future.
Source: Texas Mutual Insurance Co.