AM Best upgrades Medical Mutual's Credit Issuer Rating
Medical Mutual received excellent news from independent rating agency A.M. Best in August. Based on the independent agency’s review of Medical Mutual’s financial strength and operating performance, they upgraded Company’s Issuer Credit Rating to "a+" (Excellent) from "a" (Excellent) and affirmed its overall Financial Strength Rating of "A" (Excellent). After notifying the Company, A.M. Best announced the upgrade in a news release on its website August 14, 2024.
The release further stated, "These ratings actions are the result of the Company’s disciplined underwriting strategy, which has resulted in profitable underwriting income in recent years despite challenging market conditions."
Shawn Anderson, MSB, Medical Mutual President and CEO announced the upgrade to employees August 15 saying, "What an outstanding accomplishment for our Company! With this AM Best upgrade, we continue to build on the strength and agility for which we are known."