The A+ Superior rating reflects the overall financial strength, reputation, and consistent profitability of the Neenah, Wisc.-based insurance company, which specializes in jewelry insurance.
“Earning our 22nd A+ rating is truly an honor for Jewelers Mutual,” states Patti Geolat, board chair and interim president and chief executive officer of the 100-year-old company. “This financial strength, even in the midst of a volatile market, provides the necessary assurance to prospective and current policyholders that we are equipped to pay their claims and have the stability to be here now and well into the future.”
According to a statement from the Jewelers Mutual Board of Directors, consistent underwriting profits, positive cash flow from operations, and a stable stream of net investment income drive the company’s profitable results. Investments are well diversified as well, which limits the company’s exposure to turbulence in the financial markets. In addition, Jewelers Mutual is debt-free.
For consumers, an A+ Superior rating from A.M. Best provides a solid measure of assurance that a company has the capacity to pay claims. The A+ Superior rating earned by Jewelers Mutual for 22 consecutive years, affirms that Jewelers Mutual has the financial strength its policyholders can count on.
A.M. Best Company is an independent rating agency recognized worldwide for its benchmark ratings when assessing insurers’ financial strength. Insurance professionals consider A.M. Best ratings as number one in confidence, usefulness, and understanding within the insurance industry.