SECURA’s “A” financial strength rating affirmed
A.M. Best Company is a credit rating organization for the insurance industry. Customers use their ratings to assess the financial strength of insurance companies.
“The basis of our mutuality is that we’re focused on remaining a financially stable company over the long term,” said SECURA President & CEO John Bykowski. “Last year was challenging due to increased weather-related claims, but that’s why we’re here. We have the strength and discipline to remain a strong partner for our policyholders, agents, and associates.”
When determining our rating, A.M. Best noted our strong capitalization, long-standing regional business strategy, strong agency selection and long-term relationships, historically profitable underwriting and operating results, conservative balance sheet, effective reinsurance utilization, and improving risk management capabilities.