AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a' of the members of
Concurrently, AM Best has affirmed the Long-Term ICR of 'a' of Farmers' management company and attorney-in-fact,
The ratings of Farmers reflect the group's balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM). Farmers' operating performance continues to improve as the company has implemented considerable measures to enhance its underwriting performance through targeted pricing actions and risk-mitigation strategies, revised product offerings and strengthening of underwriting controls. Partially offsetting these strengths is Farmers' high exposure to catastrophe losses and reliance on over
A complete listing of
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