Demotech Affirms the Financial Stability Rating® Assigned to Mountain West Farm Bureau Mutual Insurance Company
Columbus, Ohio, March 22, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Mountain West Farm Bureau Mutual Insurance Company has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Mountain West Farm Bureau Mutual Insurance Company
Mountain West Farm Bureau Insurance (MWFBI) was formed in 1948 to fulfill the specific insurance needs of the agricultural community. MWFBI was founded in 1948 to fulfill the specific insurance needs of the agriculture community. MWFBI is the number one insurer of farm and ranch business in Montana and Wyoming, and they have a proud heritage with stakeholders.
In addition to providing superior products to their core market of agriculture, MWFBI also offers home, auto, and small business insurance. Through an affiliation with Farm Bureau Financial Services, their exclusive multiline agents sell property and casualty products, life insurance annuities, and financial services products.
MWFBI emphasizes maintaining a strong capital position and sound financials to ensure their ability to keep the promises and commitments they make to insureds. Visit www.mwfbic.com for more information.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for additional information.
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