AM Best Revises Outlooks to Stable for Farmers Mutual Fire Insurance Company of Marble, Pennsylvania

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Farmers Mutual) (Marble, PA).

The Credit Ratings (ratings) reflect Farmers Mutual’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

The revision in the outlooks to stable from negative reflects improvement in Farmers Mutual’s underwriting and operating performance trends from earlier in the five-year period. Improvement in results has been a product of pricing adjustments to address economic inflation, as well as strategic underwriting initiatives by management to mitigate loss costs. Following a volatile year in 2023, the company recorded strong underwriting gains with sub-95 combined ratios in both 2024 and 2025, falling back in-alignment with the strong operating performance assessment. AM Best expects that Farmers Mutual’s operating results will continue to benefit from recently implemented profitability initiatives and that its strong operating performance trends will be sustained over the near term.

The ratings also reflect Farmers Mutual’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), along with its strong liquidity and conservative underwriting leverage metrics. The company has a limited business profile reflective of its position as a single-state personal property writer in Pennsylvania, which exposes results to potentially frequent and severe weather-related events, as well as possible competitive and/or regulatory challenges. Overall, Farmers Mutual’s risk management capabilities are considered to be appropriate for its complexity of business and overall risk profile.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.