Frankenmuth Insurance, which is celebrating 150 years in business in 2018, is pleased to announce its “A” rating from AM Best.
AM Best affirmed the company’s Financial Strength Rating (FSR)* of “A” (Excellent). The Issuer Credit Rating (ICR) was also affirmed with an “a+”.
In addition, AM Best affirmed the positive outlook for both ratings, reflecting improved operating results over the past several years. Ratings for Patriot Life Insurance Company, our life insurance subsidiary, were also affirmed. Its FSR is “A” (Excellent) and its ICR is “a”, both with stable outlooks.
The FSR is an independent third-party evaluation providing a valuable benchmark for policyholders and consumers. The “A” rating reflects AM Best’s opinion that Frankenmuth Insurance and Patriot Life Insurance Company are in an excellent position to pay claims and protect policyholders. The ICR is AM Best’s opinion of each company’s credit worthiness.
For policyholders, this means your insurance coverages are backed by companies that have the financial resources to protect you, your family and your business.
*AM Best’s ratings of Frankenmuth Insurance represent its assessment of Frankenmuth Mutual Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company and Patriot Insurance Company.