Jewelers Mutual Earns 36th Consecutive AM Best A+ Rating
NEENAH, Wis. (December 8, 2022) - Jewelers Mutual® Insurance Company, SI (a stock insurer), a member insurer of the Jewelers Mutual Group, earned its 36th consecutive “A+ Superior” rating from AM Best, one of the world’s most respected insurance rating and information sources.
The AM Best rating references the company’s strong risk-adjusted capitalization, operating results and liquidity, along with its risk management practices and reputation as the nation’s leading insurance company specializing in jewelry insurance for over a century.
"To be recognized 36 years in a row by AM Best with one of its highest ratings signifies our long-standing stability and commitment to our more than one million customers," said Scott Murphy, Jewelers Mutual’s president and chief executive officer. "This year we have maintained strong results while growing and evolving to meet their changing needs. We continue to reimagine how we serve our customers and remain focused on delivering unmatched value that elevates their experiences with us.”
AM Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. Ratings from AM Best are derived following a comprehensive quantitative and qualitative analysis of a company's balance sheet strength, operating performance and business profile. For more information on AM Best's rating process and methodologies, visit web.ambest.com.
About Jewelers Mutual Group
Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 36 consecutive “A+ Superior” ratings from AM Best Company, as of November 2022. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.