Financial analysis firm Demotech has assigned Farmers Mutual Relief Association (FMRA) a financial stability rating (FSR) of "A, Exceptional".
FMRA is an assessment mutual insurance company whose products include standard fire, homeowner, farm owner and agri-business policies.
It provides insurance and services to its policyholders, who also own the company. They are "fairly priced and comparable services to meet the individual needs of all its members,” said FMRA in a statement.
FMRA has been rated as "A, Exceptional" because of its good financial stability. It has maintained positive surplus as well as liquidity of invested assets, acceptable levels of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.
