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.
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
