Ohio Mutual marks 30 consecutive years of 'A' ratings
Ohio Mutual Insurance Group achieved a milestone this month, marking 30 consecutive years of earning an “A” (excellent) financial strength rating from insurance rating organization A.M. Best, which also reaffirmed its issuer credit rating of “a+” for the regional insurance carrier.
The ratings include the three companies that represent Ohio Mutual’s intercompany pool: Ohio-domiciled Ohio Mutual Insurance Company, its wholly owned subsidiary United Ohio Insurance Company, and Maine-domiciled Casco Indemnity Company — all entities of holding company Ohio Mutual Insurance Group, Inc.
“Earning three decades of ‘straight A’s’ is certainly an achievement of which we are very proud,” said Ohio Mutual President and CEO Mark C. Russell. “These years have been marked with constant growth, new products, expansion from one state to seven, a corporate restructuring, several major recessions and a worldwide pandemic. To obtain this high level of recognition year after year is a testament to decades of strong teamwork of our quality independent agents and associates — all for the ultimate benefit of our loyal members.”
In its rating rationale, A.M. Best offered positive analysis of Ohio Mutual’s strong balance sheet, favorable operating performance, long-lasting relationships, and stable outlook.
Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. More information is available at ambest.com.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, partners with more than 400 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island and Vermont. Additional company information is available at public.omig.com.
This article originally appeared on Bucyrus Telegraph-Forum: Ohio Mutual marks 30 consecutive years of 'A' ratings
