A.M. Best Report

A- (Excellent) Rating

Your trust in our services is important. That’s why we work with one of the leading rating services for insurance companies to do a comprehensive analysis of our financial strength each year. We want you to know you can depend on us long into the future.

Brotherhood Mutual earned an A- (Excellent) rating from A.M. Best, who categorized our balance sheet as strong and our financial strength as stable.

The following excerpts from the A.M. Best report, released February 2022, reflect Brotherhood Mutual's solid position in the insurance market. Brotherhood Mutual serves a niche segment within the industry: Christian churches and schools and related non-profit ministries.

  • “Overall, the company’s strong balance sheet is supported by a very strong level of risk-adjusted capitalization, high quality assets with adequate liquidity, partially offset by ongoing adverse reserve development that spiked in 2018, and above-average common stock leverage.”
  • “In 2018, despite the negative impact from Hurricanes Florence and Michael, as well as the California Camp Fire, underwriting losses were driven primarily by the company’s reserve strengthening actions. Brotherhood’s neutral business profile reflects its geographic diversification, as it operates in most states and serves a market niche providing coverages to churches and related ministry organizations.”
  • “A.M. Best considers the Enterprise Risk Management program to be appropriate for the company’s risk profile, with enhanced capabilities in assessing risk tolerance levels. Brotherhood’s catastrophe exposure is managed through a comprehensive reinsurance program to mitigate losses from severe weather-related events.”

—Source: A.M. Best Report