(NEENAH, Wis.) - A.M. Best Company recently reaffirmed Jewelers Mutual Insurance Company’s financial strength rating of A+ Superior. This announcement from A.M. Best marks the 25th consecutive A+ Superior rating earned by the Wisconsin-based insurance company.
The A+ Superior rating attests to Jewelers Mutual’s financial strength and security and its ability to protect customers through the payment of claims. As the nation’s leading insurance company specializing in jewelry insurance, this rating validates Jewelers Mutual’s consistent profitability and financial stability, both of which have allowed Jewelers Mutual to serve the jewelry industry for nearly 100 years.
“It’s always an honor to be recognized as an A+ Superior insurance company, but having done so for a quarter of a century really makes this announcement from A.M. Best Company something special,” says Darwin Copeman, president and CEO of Jewelers Mutual. “We continue to prove our position as the jewelry industry’s leading insurer and plan to live up to that reputation in everything we do - whether through paying claims, investing in the jewelry industry as a whole, or protecting the thousands of members of the industry through our robust loss prevention programs.”
Jewelers Mutual’s consistent underwriting profits, positive cash flow from operations, and a stable stream of net investment income drive the company’s profitable results. In addition, well diversified investments limit the company’s exposure to unpredictable financial markets. Jewelers Mutual Insurance Company is debt-free.
Jewelers Mutual Insurance Company was founded in 1913 in Neenah, Wis., by jewelers who needed affordable insurance. Today, Jewelers Mutual insures manufacturers, repair businesses, bench jewelers, custom designers, retailers, artisans, appraisers, wholesalers, and individuals’ personal jewelry. More than 10,000 commercial policyholders trust Jewelers Mutual to insure their jewelry businesses, and nearly 250,000 individual policyholders carry in excess of $3 billion in personal jewelry insurance coverage.
A.M. Best Company is an independent rating agency recognized worldwide for its benchmark ratings when assessing insurers’ financial strength.
To learn more visit the Jewelers Mutual website at www.JewelersMutual.com.