June 12, 2019
A.M. Best Affirms Rating of “A+” (Superior) for Western National Insurance Group, Upgrades Outlook to “Positive” for Affiliate Michigan Millers Mutual Insurance Company
(Minneapolis, Minn.) Western National Insurance Group today announced that A.M. Best Company has affirmed the Group’s “A+” (Superior) financial strength rating and upgraded the outlook for affiliate Michigan Millers Mutual Insurance Company from “Stable” to “Positive”, effective immediately.
According to A.M. Best, the affirmation in rating reflects the Group’s strong operating performance, risk-adjusted capitalization, and balance sheet. The outlook upgrade for Michigan Millers Mutual Insurance Company reflects its improved operating performance since the affiliation with Western National in 2015.
“We are pleased to have our Group’s long-term performance and stability as well as our affiliate’s consistent performance recognized by A.M. Best,” said Stuart Henderson, President and Chief Executive Officer. “Both of these rating results point to the hard work of our employees and agency partners, as well as to the successful execution of our business plan. We look forward to building on these positive results throughout 2019 and in the years to come for the continued financial protection of our policyholders.”
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world’s oldest and most authoritative insurance rating and information source.
Western National Insurance, headquartered in Edina, Minn., is a super-regional group of property-and-casualty insurance companies providing personal and commercial coverage in 20 states across the Midwestern and Western U.S. as well as in Alaska; and surety bonds in 32 states. The Group writes over $660 million in Direct Premium through eight active insurance companies—Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, Western Home Insurance Company, Arizona Auto Insurance Company, Umialik Insurance Company, American Freedom Insurance Company, and Nevada General Insurance Company—and through one affiliate, Michigan Millers Mutual Insurance Company. All of the Group’s products are sold exclusively through professional Independent Insurance Agents.
For further information, please contact:
Steve Norman, CPCU, M.A., AIT
Vice President – Communications & Customer Experience
(952) 921-5680 or (800) 862-6070 Ext. 7680