A.M. Best Affirms Preferred Mutual’s ‘A’ (Excellent) Financial Strength Rating For 19th Consecutive Year

Back To Articles AM BEST Rating 2021 - A (Excellent)

NEW BERLIN, NY (July 14, 2021) — Preferred Mutual Insurance Company’s (“Preferred Mutual”) current Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) have been affirmed by A.M. Best as “A” (Excellent) and “A+,” respectively, effective May 2021. 

These ratings are given to insurance companies that have excellent financial stability and can meet the contractual needs of their policyholders. Preferred has consistently held the ‘A’ rating for 19 consecutive years. 

A.M. Best (www.ambest.com), founded in 1899, is the world’s oldest and most authoritative insurance rating and information source. This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. 

About Preferred Mutual

Preferred Mutual Insurance Company provides property and casualty insurance coverage to more than 232,000 individual and business customers through a network of more than 500 independent agents located throughout New York, New Jersey, Massachusetts, and New Hampshire. In business since 1896, Preferred Mutual is rated “A” by A.M. Best Company and is headquartered in New Berlin, New York

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