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Jewelers Mutual earns 23rd A+ Superior rating

October 19, 2009

Neenah, Wis.--For the 23rd consecutive year, Jewelers Mutual Insurance Co. has earned an A+ Superior rating from A.M. Best, validating the company's reputation as the nation's leading insurance company for the jewelry industry and proves consistent profitability.

According to a statement from the Jewelers Mutual board of directors, consistent underwriting profits, positive cash flow from operations and a stable stream of net investment income drive the company's profitable results. In addition, investments are well diversified, which limits the company's exposure to unpredictable financial markets. Furthermore, Jewelers Mutual is debt-free.

"Earning our 23rd A+ rating is truly an honor for Jewelers Mutual," Jewelers Mutual Chief Executive Officer Darwin Copeman said in a media release. "This financial strength, especially in a struggling economy, provides the necessary assurance to prospective and current policyholders that we are equipped to pay their claims, and that we have the stability to be here now and well into the future."

A.M. Best is an independent rating agency recognized worldwide for its benchmark ratings when assessing insurers' financial strength. Insurance professionals consider A.M. Best ratings as No. 1 in confidence, usefulness and understanding within the insurance industry.
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