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BUCYRUS, OH – Ohio Mutual Insurance Group earned a 32nd consecutive annual “A” (Excellent) Financial Strength Rating (FSR) with a stable outlook from insurance rating organization A.M. Best this week.
The rating includes the four companies that represent Ohio Mutual’s intercompany pool: Ohio-domiciled Ohio Mutual Insurance Company, its wholly owned subsidiary United Ohio Insurance Company, Casco Indemnity Company, and for the first time, recent merger partner United Mutual Insurance Company – all entities of holding company Ohio Mutual Insurance Group, Inc.
“Ohio Mutual, along with our entire industry, has faced one of the most difficult insurance environments in recent memory over the past three years,” said Ohio Mutual President & CEO Mark C. Russell. “To have received this reaffirmation of our financial and operational strength within the context of this challenging market reflects the determination of our associates, agents, and other business partners to continue to provide solid value and an excellent customer experience. We are truly grateful for the loyalty of our members and independent agents.”
In its rating announcement, A.M. Best once again cited Ohio Mutual’s “strongest” balance sheet, as well as its “strong operating performance, neutral business profile, and appropriate enterprise risk management.”
Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. More information is available at ambest.com.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, OH, partners with more than 500 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, Vermont, and Wisconsin. Ohio Mutual has maintained a rating of “A / Stable” from A.M. Best Co. for 32 consecutive years, and has been named to the “Ward’s 50” nine times since 2009. Additional company information is available at www.omig.com.
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