AM Best Reaffirms Preferred Mutual’s ‘A’ (Excellent) Financial Strength Rating
Preferred Mutual Insurance Company’s current Financial Strength Rating (FSR) has been reaffirmed by AM Best as ‘A’ (Excellent) with a ‘Stable’ outlook. The Long-Term Issuer Credit Rating (ICR) has been reaffirmed as ‘a+’ (Excellent), and the outlook for the ICR remains ‘Stable.’
Preferred Mutual has held the ‘A’ rating for 24 consecutive years.
The Ratings reflect their company’s balance sheet strength, which AM Best continues to assess as ‘strongest’ as well as their ‘adequate’ operating performance which is supported by solid underwriting results and consistent investment earnings derived from multiple years of stable pure loss ratio trends.
Preferred Mutual continues to maintain a ‘neutral’ business profile driven largely by their regional niche market role with broad product offering along with ‘appropriate’ enterprise risk management. ‘Excellent’ ratings are given to insurance companies who not only have excellent financial stability, but also are able to meet the contractual needs of their policyholders.
AM 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 AM Best’s website.
About Preferred Mutual Insurance Company
Preferred Mutual Insurance Company provides property and casualty insurance coverage to individual and business customers through a network of independent agents located throughout New York, New Jersey, Massachusetts, and New Hampshire. In business since 1896, Preferred Mutual is headquartered in New Berlin, New York. The company has maintained a Financial Strength Rating (FSR) of ‘A’ (Excellent) with a ‘Stable’ outlook by AM Best for 24 consecutive years and was recognized as a Top Workplaces USA award recipient in 2024, 2025, and 2026. Learn more at www.preferredmutual.com.
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