Bloomington, MN – SFM Mutual Insurance Co. recently announced that its Financial Strength Rating of “A- (Excellent)” and Long-Term Issuer Credit Rating of “a-” have been reaffirmed by AM Best Rating Services, Inc.
AM Best issued this affirmation based on its assessment of SFM’s balance sheet strength, as well as its operating performance, business profile, innovation and enterprise risk management. Prior to publicly disclosing this affirmation, AM Best conducted a detailed analysis of SFM’s finances and operations.
“Our annual review with AM Best gives us the opportunity to share our company’s story with experts from the largest credit rating agency in the world,” said SFM President and CEO Terry Miller. “We view their rating as an important indicator of SFM’s long-term financial strength and stability.”
SFM, headquartered in Bloomington, Minnesota, is a customer-owned mutual insurance company providing workers’ compensation coverage. SFM’s primary focus in on employers in Minnesota, Wisconsin, Iowa, Nebraska, South Dakota, Kansas and Indiana. Beyond its core territory, SFM is licensed and operating in 27 additional states. SFM offers workers’ compensation insurance solutions for employers of all sizes, including claims and disability management, cost containment, legal assistance and third-party administration.