Federated Continues in Excellence
Federated Mutual Insurance Company and Federated Life Insurance Company were rated A+ (Superior) by A.M. Best Company. Federated was also named to the annual Ward’s 50® group of top performing insurance companies in July 2013.
A.M. Best Company is the oldest insurance rating service and has been rating companies since 1906. It is devoted to issuing in-depth reports and financial-strength ratings about insurance organizations.
Best’s rating evaluation is based on financial strength, business profile, and operating performance. Only seven percent of commercial property and casualty insurers receive a Superior rating from A.M. Best Company. For the latest rating, access www.ambest.com.
According to A.M. Best:
“…positive rating factors are driven by management’s expertise within targeted niche industries and in providing a variety of services to its policyholders, including extensive loss control, whole account management, tailored insurance products, and the facilitation of estate and business succession planning.”
Ward Group® ®, a leading insurance industry analyst, has once again named Federated Insurance to their list of the 50 top performing insurance companies in the nation. Federated is one of only two organizations that has had affiliated companies named to both the property-casualty and life-health Ward’s 50 group of companies every year since 2001.
Each year, Ward Group analyzes more than 3,000 property and casualty insurers and nearly 800 life-health insurers to determine the top companies based on safety and consistency tests, as well as key performance measurements, including:
Five year average return on average equity
Five year average return on average assets
Five year average return on total revenue
Five year growth in revenue
Five year improvement in surplus to written premium (property-casualty)
Five year average combined ratio (property-casualty)
Five year growth in surplus (life-health)
“In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results,” Jeff Rieder, partner and head of Ward Group, explained.
“Our continued commitment to financial strength and disciplined underwriting practices has once again resulted in this prominent recognition from Ward Group,” Chairman, President and CEO Jeff Fetters said. “Their analysis confirms Federated Insurance’s ability to fulfill its obligations to our policyholders and association partners.”
Federated Life Insurance Company Maintains Weiss “A” Rating
OWATONNA — Federated Life Insurance Company is proud to announce that once again it has earned an “A” (“Excellent”) rating for financial strength from Weiss Ratings, the nation’s leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks. Less than two percent of the nation’s life and health insurers meet Weiss Ratings’ criteria for exceptional financial strength.
Melissa Gannon, Vice President of Weiss Ratings, wrote, “This rating recognizes Federated Life Insurance Company as an outstanding insurer, offering excellent financial stability for its customers, vendors, and employees.”