A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, South Dakota.
The ratings reflect Missouri Valley’s balance sheet strength, which A.M. Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The changes in outlooks also reflect Missouri Valley’s recently improved underwriting performance relative to earlier years, reasonable surplus growth over the past five years and risk-adjusted capitalization maintained at the strongest level. These positive rating attributes are offset to some extent by the company’s limited financial flexibility and scale, as well as some volatility in its surplus growth over the longer term.
Source: A.M. Best
Was this article valuable?
Here are more articles you may enjoy.
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
South Texas Homebuilders Warn ICE Arrests Have Upended Industry 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
Three Top P/C Insurers Account for Most of Insurance AI Patents 
