Submitted by Sentry Insurance.
Mutual insurer’s “superior” rating means it has the ability to meet its ongoing insurance obligations
STEVENS POINT, Wis. (June 11, 2020) – After concluding its annual review this month, A.M. Best, the insurance industry’s leading rating authority, assigned Sentry an A+ (superior) rating. It’s the 29th consecutive year Sentry has received the rating. The rating confirms the mutual insurance company’s financial strength and superior ability to pay its customers’ claims this year and in the future.
“We are proud to be recognized by A.M. Best with an A+ rating for the 29th straight year,” said Todd Schroeder, Sentry Chief Financial Officer and President – Life & Annuities. “The longevity of this rating speaks to the hard work, dedication, and high level of customer service our associates—and retirees—delivered day in and day out over the course of decades. This year’s rating means we’re still positioned well, in these uncertain times, to provide our customers the protection and services they need.”
Fewer than 15 percent of U.S.-based property and casualty insurance companies earn the A+ rating—even less have achieved it for more than a quarter-century.
In support of its A+ (superior) rating, A.M. Best points to Sentry’s balance sheet strength, which achieves the rating authority’s highest ranking of “strongest” for risk-adjusted capitalization. A.M. Best also recognizes Sentry’s consistent underwriting and favorable levels of investment income, well-diversified business mix, strong management team with a successful track record of executing strategy, and enterprise risk management processes that continue to assist in meeting corporate profitability and preservation of capital goals.
In other news, Fortune recently released its annual rankings of the nation’s largest companies. This year, the national magazine ranks Sentry No. 670 on its Fortune 1000 list, up 15 slots from 2019.
Fortune bases its rankings on total revenue—Sentry reached $3.68 billion last year. The company has climbed 129 slots since 2015.
Sentry Insurance is one of the largest and most financially secure mutual insurance companies in the United States, holding a Financial Strength Rating of A+ (superior) from A.M. Best, current as of June 2020. See ambest.com/ratings/guide.pdf for rating information. Sentry and its subsidiaries sell property and casualty insurance, life insurance, annuities and retirement programs for business and individuals throughout the country. Headquartered in Stevens Point, Wisconsin, Sentry employs more than 4,400 associates in 41 states. See a complete list of underwriting companies at sentry.com.