A.M. Best Withdraws Ratings of Farmers Mutual Insurance Company (KS)

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of B (Fair) and issuer credit rating (ICR) of “bb” of Farmers Mutual Insurance Company (KS) (Ellinwood, KS). The outlook for both ratings is negative.

Concurrently, A.M. Best has withdrawn the ratings at the company’s request and assigned a category NR-4 to the FSR and an “nr” to the ICR.

The ratings of Farmers Mutual Insurance Company (KS) reflect its concentration risk that resulted in fluctuating operating performance and impacted its risk-adjusted capitalization during the last five year period.

For Best’s Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.