best insurance stock - Vermont Mutual Insurance issuer credit rating by A.M. Best : A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully reinsured subsidiaries , Northern Security Insurance Company and Granite Mutual Insurance Company.
These companies are members of Vermont Mutual Insurance Group and are all domiciled in Montpelier , Vermont. The outlook for all rating is stable.
These companies are members of Vermont Mutual Insurance Group and are all domiciled in Montpelier , Vermont. The outlook for all rating is stable.
The ICR upgrade reflects Vermont Mutual’s favorable underwriting and operating results. In addition , Vermont Mutual continues to maintain solid risk-adjusted capitalization , a well established market presence in the New England states and knowledge of local insurance issues.
Chartered in 1828 , the Vermont Mutual Insurance Company is one of the 10 oldest mutual property/casualty insurers in the United States. The Vermont Mutual Insurance Group provides coverage throughout New England and New York.
Through more than 400 independent agencies , Vermont Mutual insures some 275 ,000 policyholders with a direct written premium of more than $300 ,000 ,000.