Grange Insurance continues to be a financially strong and stable company, according to A.M. Best, a global credit rating agency that specializes in the insurance industry.
A.M. Best reaffirmed Granges financial strength rating (FSR) of A (Excellent) with a stable outlook for all of its P&C companies. The FSR is the most important component of A.M. Bests rating because it indicates a companys ability to pay its policyholders claims.
In addition, Granges Issuer Credit Rating (ICR) remains an a+ (Excellent) with a stable outlook. This rating indicates that Grange has an excellent ability to meet ongoing senior financial obligations and places Grange among a top tier of insurance companies nationally.
We work hard to earn the trust and confidence of our agents and policyholders every day, said President and CEO John Ammendola. Our A.M. Best review is one of the clearest demonstrations of our companys commitment to being a financially strong, stable and disciplined company worthy of their trust.
In its review, A.M. Best noted Granges strong balance sheet and dedicated enterprise risk management team as contributing factors to the companys stable outlook.
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Grange has a long-standing A financial strength rating from A.M. Best, and financial strength is a critical consideration when it comes to purchasing insurance.
Grange Insurance Company, with nearly $3 billion in assets and more than $1.2 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. For more information, visit grangeinsurance.com.
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Corporate Communications Specialist