Jewelers Mutual has been awarded an ‘A+ Superior’ rating for the 26th year in a row, helping to kick off its centennial year celebrations.
In addition to recognizing the Wisconsin-based insurer with the rating, A.M. Best Co., also assessed its future financial outlook as ‘Stable.’
“Jewelers Mutual has maintained superior financial strength and a posture for future stability even while committing considerable financial resources toward systemic improvements,” said Jewelers Mutual president and chief executive officer (CEO) Darwin Copeman.
“This means we’ve maintained the financial wherewithal to protect our customers, while also enhancing the tools and technologies with which to serve them even better in the years ahead. As we celebrate our centennial, we are looking forward to continued excellence throughout our next 100 years. We will continue to prove our position as the jewellery industry’s leading insurer and we’ll live up to that reputation in everything we do, whether through paying claims, investing in the jewellery industry as a whole, or protecting the thousands of members of the industry through our robust loss-prevention programs.”
The ‘A+ Superior’ rating refers to a company’s financial strength and security. According to Jewelers Mutual, its consistent underwriting profits, positive cash flow from operations, and a stable stream of net investment income have contributed to earning the rating.