AM Best Rating Services


Rating Review Form
018279-North Carolina Farm Bureau Insurance Group

Best's Credit Rating Effective Date
Best's Rating Review Date
May 10, 2023
January 10, 2024
North Carolina Farm Bureau Insurance Group
AMB #:018279
Ultimate Parent: AMB # 708 - North Carolina Farm Bureau Mut
Best's Credit Ratings - for the Rating Unit Members
Financial Strength Rating
Issuer Credit Rating
(FSR)
(ICR)
A
a+
Excellent
Excellent
Outlook: Stable
Outlook: Negative
Action: Affirmed
Action: Affirmed
Rating Unit - Members
North Carolina Farm Bureau Grp | AMB #: 018279
AMB #
Rating Unit Members
AMB #
Rating Unit Members
000708
North Carolina Farm Bureau Mutual Insurance Company
011659
Farm Bureau Insurance of N.C., Inc.
Rating Review Summary:
as a result of the Best's Rating Review, AM Best's opinion of the Financial Strength Rating and Issuer Credit Rating remains unchanged from the prior rating event.
Balance Sheet Strength:
as a result of the Best's Rating Review, AM Best's opinion of the Balance Sheet Strength Assessment of Strongest remains unchanged.
Operating Performance:
as a result of the Best's Rating Review, AM Best's opinion of the Operating Performance Assessment of Adequate remains unchanged.
Business Profile:
as a result of the Best's Rating Review, AM Best's opinion of the Business Profile Assessment of Neutral remains unchanged.
Enterprise Risk Management:
as a result of the Best's Rating Review, AM Best's opinion of the Enterprise Risk Management Assessment of Appropriate remains unchanged.
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