Your trust in our services is important and we want you to know you can depend on us long into the future. We work with some of the leading rating services for insurance companies to do an independent analysis of our financial strength each year.
Recently, Brotherhood Mutual engaged Kroll Bond Rating Agency (KBRA) to assign such a rating. They have released their report and we’re pleased to announce the results.
Brotherhood Mutual received an A- insurance financial strength rating (IFSR) and a rating of BBB to the company’s currently outstanding surplus notes. The Outlook for all ratings is Stable.
“We’ve seen significant growth in the number of Christian K-12 schools and Christian colleges and universities that we insure. Working with a premier bond rating company signifies our dedication to providing stability and growth for the ministries we serve," said Mark Robison, chairman and president of Brotherhood Mutual.
KBRA rates many insurance companies, including Lloyd’s of London, Manhattan Life, and Penn Mutual.
According to the release, the rating reflects the company’s:
Sound capitalization, focused market strategy, and consistent surplus growth over the long term.
Highly experienced management team, with a strong track record of growth and risk management.
High degree of geographic diversification, with limited exposure concentrations.
Fundamentally sound underwriting and financial analytics with advanced technology for risk selection.
As a leader in the industry, Brotherhood Mutual serves more than 65,000 Christian churches, schools, colleges, camps, and mission organizations. Since 2009, the company has nearly doubled both its customer base and its employee base. There is also strong growth in demand for its MinistryWorks service, which is America’s largest payroll and payroll tax filing service that specializes in Christian ministries.
Thank you for your interest in Brotherhood Mutual. We appreciate the opportunity to provide your church or other ministry with an insurance quote and will reply to your request as soon as possible.
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