Best’s News & Research Service - December 20, 2017 11:41 AM (EST)
A.M. Best Revises Outlooks to Positive for Missouri Valley Mutual Insurance Company
- December 20, 2017 11:41 AM (EST)
Oldwick //BestWire// - A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Missouri Valley Mutual Insurance Company (Missouri Valley) (Burke, SD).
The ratings reflect Missouri Valley’s balance sheet strength, which A.M. Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The changes in outlooks also reflect Missouri Valley’s recently improved underwriting performance relative to earlier years, reasonable surplus growth over the past five years and risk-adjusted capitalization maintained at the strongest level. These positive rating attributes are offset to some extent by the company’s limited financial flexibility and scale, as well as some volatility in its surplus growth over the longer term.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.