A.M. Best Affirms A (Excellent) Rating for Farm Bureau Property & Casualty Group

A.M. Best Company has affirmed its A (Excellent) financial strength rating1 and stable outlook for Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance Company.

“We’re very pleased our rating has been affirmed,” says James P. Brannen, Chief Executive Officer. “It’s a testament to our focus on maintaining excellent capitalization, generating solid operating results and building upon a strong and established market presence.”

Farm Bureau Property & Casualty Insurance Company is part of an elite group of 55 insurers recognized by A.M. Best Review for maintaining an A.M. Best financial strength rating of A (Excellent) for more than 50 years.

A.M. Best noted that the positive rating factors are driven by the companies’ regional market presence and reflective of its exclusive agency distribution system, customer loyalty and local market knowledge. The rating also recognizes the support of state Farm Bureau Federations, which facilitate the companies’ marketing and business retention initiatives.

“A.M. Best’s rating affirmation recognizes Farm Bureau Property & Casualty Group’s overall strength and long-standing tradition as an industry leader,” says Brannen. “Sound business practices, resilience and the ability to adapt keep us growing strong in a recovering economy and through unpredictable weather patterns.”

About Farm Bureau Financial Services
Through an exclusive, multi-state agent force, the companies affiliated with the Farm Bureau Financial Services brand underwrite, market and distribute a broad range of insurance and financial services products to individuals and businesses. Learn more about us at FBFS.com or by visiting www.facebook.com/farmbureaufinancialservices, www.twitter.com/fbfs or www.youtube.com/FarmBureauFinclSvcs.

1 An A (Excellent) financial strength rating is the third highest of A.M. Best’s individual ratings.