For consumers and jewelry business owners, this rating provides a measure of reassurance attesting to the financial strength and security of Jewelers Mutual. The A.M. Best rating validates the company’s reputation as the nation’s leading insurance company specializing in jewelry insurance, and proves consistent profitability. Financial stability has allowed Jewelers Mutual to specialize in jewelry and serve the jewelry industry for nearly 100 years.
“Earning our 23rd A+ rating is truly an honor for Jewelers Mutual,” states Darwin Copeman, CEO of Jewelers Mutual. “This financial strength, especially in a struggling economy, provides the necessary assurance to prospective and current policyholders that we are equipped to pay their claims and we have the stability to be here now and well into the future.”
According to a statement from the Jewelers Mutual Board of Directors, consistent underwriting profits, positive cash flow from operations, and a stable stream of net investment income drive the company’s profitable results. In addition, investments are well diversified, which limits the company’s exposure to unpredictable financial markets. Furthermore, Jewelers Mutual is debt-free.
A.M. Best Company is an independent rating agency recognized worldwide for its benchmark ratings when assessing insurers’ financial strength. Insurance professionals consider A.M. Best ratings as number one in confidence, usefulness, and understanding within the insurance industry.
In addition to the A+ rating from A.M. Best, the American Gem Society and Jewelers of America exclusively endorse Jewelers Mutual Insurance Company, offering further assurance to consumers of the company’s integrity and stability.
Visit the Jewelers Mutual website at www.jewelersmutual.com.