{"id":43562,"date":"2026-07-23T19:30:00","date_gmt":"2026-07-23T17:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=37fb5414cb93ebcbb7188d54f83bb261"},"modified":"2026-07-23T19:30:00","modified_gmt":"2026-07-23T17:30:00","slug":"am-best-upgrades-credit-ratings-for-farm-mutual-reinsurance-plan-inc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=43562","title":{"rendered":"AM Best Upgrades Credit Ratings for Farm Mutual Reinsurance Plan Inc."},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to \u201ca-\u201d (Excellent) from \u201cbbb+\u201d (Good) of Farm Mutual Reinsurance Plan Inc. (Farm Mutual Re) (Ontario, Canada). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.<\/p><\/a><\/a>

\nThe ratings reflect Farm Mutual Re\u2019s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.<\/p>

\nThe ratings upgrade reflects Farm Mutual Re\u2019s operating performance assessment moving to the adequate level from marginal. Beginning in 2020, Farm Mutual Re launched a strategic plan to restore underwriting profitability following a period of performance deterioration driven by elevated catastrophe losses. Since then, the company has demonstrated improvement in its member and broker segments through more disciplined underwriting practices, including significant rate increases, improved risk selection and tighter expense management. As a result, the company has reported four consecutive years of underwriting profitability which has led to consistent positive operating results over the same period. AM Best expects Farm Mutual Re to continue to report operating results in line with its current assessment, despite the potential for volatility of catastrophe events.<\/p>

\nEstablished in 1959, Farm Mutual Re is the exclusive reinsurer for 42 members in Canada and accepts each insurer\u2019s entire reinsurance program. Farm Mutual Re also operates a broker segment in which reinsurance contracts are marketed through reinsurance brokers. Customers in this segment are primarily regional mutual insurance companies located in the United States with minor exposures in Canada, the United Kingdom, Europe, Japan, India, Australia and Turkey. Additionally, Farm Mutual Re acquired all the issued and outstanding shares of the United General Insurance Corporation in 2019, an exclusive auto insurance provider located in Fredericton, New Brunswick, which provides auto coverage in New Brunswick and Nova Scotia.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s 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 AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nCristain Sieira<\/b>Senior Financial Analyst<\/b>+1 908 882 2315<\/b>cristian.sieira@ambest.com<\/a>\nAlan Murray<\/b>Director<\/b>+1 908 882 2195<\/b>alan.murray@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to \u201ca-\u201d (Excellent) from \u201cbbb+\u201d (Good) of Farm Mutual Reinsurance Plan Inc. (Farm Mu…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43562","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43562"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43562\/revisions"}],"predecessor-version":[{"id":43563,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43562\/revisions\/43563"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}