AM Best Affirms A- (Excellent) Rating

AM Best Affirms A-, Excellent Financial Strength Rating of Farmers Insurance Company of Flemington

 

Flemington, NJ, September 12, 2023 — Farmers Insurance Company of Flemington announced today that its Financial Strength Rating (FSR) of A- Excellent has been affirmed by AM Best Rating Services, the world’s oldest and most authoritative insurance rating and information source. The company’s Issuer Credit Rating (ICR) of a-, Excellent was also affirmed and the outlook for both ratings is Stable.

 

“We are pleased we were able to maintain our A- Excellent rating in the face of a very challenging economy marked by record inflation and rising reinsurance costs,” said Scott St. Angel, President & CEO of Farmers.  “As a Mutual company our only focus is protecting and serving the interests of our Policyholders.  The affirmation of our rating assures our Policyholders that we will be there when they need us — just as we have been since 1856.”

 

A Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The AM Best rating is assigned after a comprehensive review and analysis of the company’s balance sheet, operating performance, business profile and enterprise risk management capabilities.

 

About Farmers Insurance Company of Flemington
Founded in 1856, Farmers of Flemington is among the oldest and most reliable, and most respected insurance companies in New Jersey.  With over 165 years of experience and an A-, Excellent financial strength rating from AM Best, our Policyholders can count on Farmers of Flemington to be there when they need us. For more information, visit us online at www.farmersofflemington.com

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