Michigan's Insurance Company
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How we're rated
Farm Bureau Insurance earns double national award for top performance
Aug., 2007
Farm Bureau Insurance has earned an honor that only 11 companies in the United States have achieved: a top 50 ranking in both life and property-casualty insurance for 2007.
The Ward Group, a national monitor of the American insurance industry, has announced that Farm Bureau Insurance has been included on their list of the Top 50 Life Insurers in America and the Top 50 Property-Casualty Insurers in America.
Farm Bureau Insurance has made the elite list of life insurers in 15 of the last 16 years, but this is only the second time (last year was the first) that the company has earned a top 50 ranking in property-casualty insurance.
The Ward Group selects companies for its Top 50 lists based on outstanding financial results in the areas of safety, consistency, and performance over a five-year period (2002-2006 in this case).
Before naming its Top 50 Companies, Ward Group analyzed the financial performance of over 2,700 property-casualty insurance companies and over 900 life-health companies domiciled in the United States.
The complete list of companies named to the Ward's Top 50 list appeared in the July 16, 2007, edition of the National Underwriter magazine. The list also appears on the Ward's web site at www.wardinc.com.
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A.M. Best Company issues ratings
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April, 2007
Our two Property-Casualty companies, Farm Bureau Mutual Insurance Company of Michigan and
Farm Bureau General Insurance Company of Michigan, have maintained their Excellent (A-)
ratings.
"The rating is based on the consolidated operating performance and financial condition of the two
companies," a spokesman for A.M. Best said. "The rating reflects Farm Bureau Mutual's and Farm Bureau
General's favorable operating performance, excellent capitalization, and solid market presence in
Michigan."
Other positive factors cited in the report issued by A.M. Best were efficient claims handling,
local market expertise, a strong relationship with Michigan Farm Bureau and its membership, and a
solid investment return.
A.M. Best Company is the oldest, most experienced rating agency in the world and has been
reporting on the financial condition of insurance companies since 1899. Best's Ratings represent the
current and independent opinion of a company's financial strength and ability to meet
obligations to policyholders. Best's Ratings are not a warranty of an insurer's current or
future ability to meet obligations to policyholders, nor are they a recommendation of a specific
policy form, contract, rate, or claim practice.
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Nov., 2006
Farm Bureau Life Insurance Company of Michigan has maintained its Excellent (A) rating from A.M. Best Company.
The affirmation of this rating reflects our excellent capital position, favorable earnings profile
in individual life and annuity lines and the very good performance of our investment portfolio.
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