(NEENAH, Wisc.) – For the 22nd consecutive year, Jewelers Mutual Insurance Company has earned an A+ Superior rating from A.M. Best.
The A+ Superior rating reflects the overall financial strength of Jewelers Mutual, its reputation as the nation’s leading insurance company specializing in jewelry insurance, and consistent profitability. Financial stability has allowed Jewelers Mutual to specialize in jewelry and serve the jewelry industry for nearly 100 years.
“Earning our 22nd A+ rating is truly an honor for Jewelers Mutual,” states Patti Geolat, board chair and Interim President and CEO. “This financial strength, even in the midst of a volatile market, provides the necessary assurance to prospective and current policyholders that we are equipped to pay their claims and have the stability to be here now and well into the future.”
According to a statement from the Jewelers Mutual Board of Directors, consistent underwriting profits, positive cash flow from operations, and a stable stream of net investment income drive the company’s profitable results. Investments are well diversified as well, which limits the company’s exposure to turbulence in the financial markets. Furthermore, Jewelers Mutual is debt-free.
For consumers, an A+ Superior rating from A.M. Best provides a solid measure of assurance that a company has the capacity to pay claims. The A+ Superior rating earned by Jewelers Mutual for 22 consecutive years, affirms that Jewelers Mutual has the financial strength its policyholders can count on.
A.M. Best Company is an independent rating agency recognized worldwide for its benchmark ratings when assessing insurers’ financial strength. Insurance professionals consider A.M. Best ratings as number one in confidence, usefulness, and understanding within the insurance industry.
Jewelers Mutual was founded in 1913 in Neenah, Wis., by jewelers who needed affordable insurance. More than 10,000 commercial policyholders trust Jewelers Mutual to insure their jewelry businesses, and 180,000 individual policyholders carry $2.5 billion in personal insurance coverage. Visit www.jewelersmutual.com for more information.