AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group
Article 0 Comments AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company (Colorado Farm Bureau) (both of Ridgeland, MS), Louisiana Farm Bureau Casualty Insurance Company (Baton Rouge, LA) and Mississippi Farm Bureau Casualty Insurance Company (Jackson, MS). In addition, AM Best has removed from under review with positive implications and upgraded the FSR to A (Excellent) from B (Fair) and the Long-Term ICR to “a” (Excellent) from “bb” (Fair) of Arkansas Farm Bureau Insurance Company (Ridgeland, MS), formally Farm Bureau Mutual Insurance Company of Arkansas, Inc. The outlook assigned to these Credit Ratings (ratings) is stable. These companies are collectively referred to as Southern Farm Bureau Casualty Group. The ratings reflect Southern Farm Bureau’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. AM Best said the revised outlooks reflect Southern Farm Bureau’s improved operating performance through 2024, and continued through year-to-date 2025. Results earlier in this five-year period were...