Jewelers Mutual earns 33rd consecutive A+ Superior rating from A.M. Best Company
Jewelers Mutual Insurance Company, SI, a member insurer of the Jewelers Mutual Insurance Group, earned its 33rd consecutive A+ Superior financial strength rating from A.M. Best Company, one of the world's most respected insurance rating and information sources.
Founded in 1913, Jewelers Mutual is the only insurer dedicated solely to the jewelry industry in the United States and Canada, serving both commercial jewelry businesses and personal jewelry owners. Jewelers Mutual is headquartered in Neenah, Wisconsin.
“Jewelers Mutual is proud to be recognized for our 33rd consecutive positive rating from A.M. Best Company as a strong, financially secure institution,” said Scott Murphy, Jewelers Mutual president and CEO.
"As we look toward the future, we will continue to focus on successful business practices and make business decisions with our top priority, the well-being of our policyholders, in mind.”
In their review, A.M. Best's rating references Jewelers Mutual's strong risk-adjusted capitalization, operating results and liquidity. Also considered is Jewelers Mutual's excellent risk management practices and reputation as the nation's leading insurance company specializing in jewelry insurance and the jewelry industry.
Additionally, the rating recognizes company management's focus and adherence to its core competency as well as extensive loss control programs and well-diversified geographic scope, operating in the United States and Canada. The company maintains active involvement in loss prevention activities for the jewelry industry.
A.M. 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 A.M. Best are derived after a comprehensive quantitative and qualitative analysis of a company's balance sheet strength, operating performance and business profile.
For more information on A.M. Best's rating process and methodologies, visit 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.