July 09 2020 0comment
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Western National Insurance Group receives A.M. Best A+ Raring

A.M. Best Affirms Rating of “A+” (Superior) for Western National Insurance Group, Upgrades Affiliate Michigan Millers Mutual Insurance Company to “A” (Excellent) Rating

July 9, 2020

(Minneapolis, Minn.) Western National Insurance Group today announced that A.M. Best Company has affirmed the Group’s “A+” (Superior) financial strength rating and upgraded affiliate Michigan Millers Mutual Insurance Company’s Financial Strength Rating (FSR) from “A-“ (Excellent) to “A” (Excellent), effective immediately.

According to A.M. Best, the affirmation in rating reflects the Group’s strong operating performance, risk-adjusted capitalization, and balance sheet. The outlook for Western National Insurance Group and Michigan Millers ratings are “stable.”

“We are pleased to have our Group’s long-term performance and stability as well as our affiliate’s consistent performance recognized by A.M. Best,” said Rick Long, President of Western National Insurance Group. “Both of these rating results point to the hard work of our employees and agency partners, as well as to the successful execution of our business plan. We look forward to building on these positive results throughout 2020 and in the years to come for the continued financial protection of our policyholders.”

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world’s oldest and most authoritative insurance rating and information source.

Western National Insurance, headquartered in Edina, Minn., is a super-regional group of property-and-casualty insurance companies. The Group writes business through eight active insurance companies—Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, Western Home Insurance Company, Arizona Auto Insurance Company, Umialik Insurance Company, American Freedom Insurance Company, and Nevada General Insurance Company  — and is affiliated with Michigan Millers Mutual Insurance Company.  Together, the affiliated companies write over $800 million in personal and commercial Direct Premium in 22 states across the Northern, Midwestern, and Western U.S. as well as in Alaska; and surety bonds in 41 states. All of the affiliated companies’ products are sold exclusively through professional Independent Insurance Agents.

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