BUCYRUS, OH – Ohio Mutual Insurance Group continues to be recognized for its financial strength and stability by insurance rating organization A.M. Best, reaffirming its issuer credit rating (ICR) of “a+”, as well as the company’s financial strength rating (FSR) of “A” (Excellent).
The ratings include the three companies that represent Ohio Mutual’s intercompany pool: Ohio-domiciled Ohio Mutual Insurance Company, its wholly owned subsidiary United Ohio Insurance Company, and Maine-domiciled Casco Indemnity Company, all entities of holding company Ohio Mutual Insurance Group, Inc.
“We are honored that A.M. Best has recognized our financial strength and stability for a 29th consecutive year,” said Ohio Mutual President & CEO Mark C. Russell. “Earning this recognition in the context of a pandemic crisis truly demonstrates our commitment to our policyholders and shows the collective effort put forth by our agent partners, business partners, and associates.”
In its rating rationale, A.M. Best offered positive analysis of Ohio Mutual’s strong balance sheet, favorable operating performance, long-lasting relationships, and stable outlook.
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 www.ambest.com.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, OH, partners with more than 400 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, and Vermont. Ohio Mutual has maintained a rating of “A / Stable” from A.M. Best Co. for 29 consecutive years, and has been named to the “Ward’s 50” eight times since 2009. Additional company information is available at www.omig.com.