Montpelier, VT (January 31, 2018) A.M. Best Company, the global rating agency for the insurance industry, recently affirmed the Financial Strength Rating of A+ (Superior) for Vermont Mutual Insurance Group, consisting of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company.
President and CEO, Dan Bridge, stated “This independent, comprehensive evaluation of our company is confirmation that we continue to be a stable and high performing company. The A+ rating is further testimony to the extraordinary work and collaboration enjoyed between Vermont Mutual employees and our Independent Agent Partners.”
The rating reflects Vermont Mutual’s favorable underwriting and operating results. A.M. Best noted that Vermont Mutual’s Enterprise Risk Management capabilities are appropriate for their size, their Business Profile is favorable and Operating Performance is strong. Vermont Mutual’s Balance Sheet and Capitalization are very strong. Given these results, which have consistently outperformed the industry composite, Vermont Mutual’s outlook is categorized as stable.
“We could not be more pleased with the A+ “Superior” rating from A.M. Best, said Mark McDonnell, Executive Vice President & COO for the Group. McDonnell continued “Our strategy is one that’s built around partnership and consistency and the affirmation of our A+ rating is validation that the combined efforts of our staff, and our Independent Agent Partners, are producing exceptional results that stand-out in our industry. We can’t thank both of those groups enough for a job well done.”