AM Best has affirmed CompSource Mutual Insurance Company’s Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook. AM Best is the preeminent insurance credit rating service. CompSource Mutual is Oklahoma’s premier workers’ compensation provider.
These rating renewals reflect AM Best’s continued confidence in CompSource Mutual’s operating performance, business profile, enterprise risk management, and ability to meet its ongoing financial obligations.
Key factors of the ratings include:
- Balance Sheet Strength: Best’s Capital Adequacy Ratio (BCAR) is in the strongest category and is expected to remain at the strongest level through the near term.
- Operating Performance: Five-year return on revenue (RoR) and return on equity (RoE) compare favorably to the metrics of the workers’ compensation composite.
- Outlook: The company is expected to maintain its overall balance sheet strength assessment.
Topics AM Best