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FEBRUARY 04, 2009 12:00 AM (EST)

A.M. Best Comments on Southern Farm Bureau Casualty Group Following Split-Off of Texas Farm Bureau Casualty Insurance Company


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 Analyst(s)
Frederick DeLeon
(908) 439-2200, ext. 5175
frederick.deleon@ambest.com

Gary Davis
(908) 439-2200, ext. 5665
gary.davis@ambest.com
Public Relations
Jim Peavy
(908) 439-2200, ext. 5644
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Rachelle Morrow
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FOR IMMEDIATE RELEASE

OLDWICK, N.J. - FEBRUARY 04, 2009 12:00 AM (EST)
A.M. Best Co. has commented that the ratings and outlook of Southern Farm Bureau Casualty Group (Southern) (Rigeland, MS) and its members remain unchanged following the split-off of Texas Farm Bureau Casualty Insurance Company (TFBCIC) (Waco, TX) from Southern.

TFBCIC was incorporated on August 16, 2007 as a wholly owned subsidiary of Southern Farm Bureau Casualty Insurance Company (SFBCIC) (Rigeland, MS), a member of Southern. Upon the TFBCIC's and Texas Farm Bureau Investment Corporation's (TFB Investment Corp) withdrawal from SFBCIC on January 1, 2009, ownership of TFBCIC was transferred to TFB Investment Corp, and concurrently, all assets and liabilities accumulated through SFBCIC's business in Texas were transferred to TFBCIC.

Although the split-off of TFBCIC reduces the premium and surplus of Southern considerably, as well as changes its profile, all ratings remain unchanged.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit Best's Rating Center.

The principal methodologies used in determining these ratings, including any additional methodologies and factors, which may have been considered, can be found at

Best's Rating Methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers.

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