Pharmacists Mutual Insurance Company

BestLink

AMB #: 000320 NAIC #: 13714 FEIN #: 420223390

Mailing Address
P.O. Box 370
Algona, Iowa 50511

United States

Web: www.phmic.com

Phone: 515-295-2461

Fax: 515-295-9306

View Additional Address Information

Administrative Office
808 Highway 18 West
Algona, Iowa 50511
United States

Domiciliary Address
808 Highway 18 West
Algona, Iowa 50511
United States

AM Best Rating Unit: AMB #: 018923 - Pharmacists Mutual Insurance Group

Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.

View additional news, reports and products for this company.

Based on AM Best's analysis, 000320 - Pharmacists Mutual Insurance Company is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure.

Best's Credit Ratings

Financial Strength View Definition

Rating (Rating Category):	A- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 30, 2024
Initial Rating Date:	June 30, 1922

Long-Term Issuer Credit View Definition

Rating (Rating Category):	a- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 30, 2024
Initial Rating Date:	May 24, 2007

Financial Size Category View Definition

Financial Size Category:

VIII (USD 100 Million to Less than 250 Million)

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

Rating Office: A.M. Best Rating Services, Inc.

Financial Analyst II: Lauren Magro

Senior Director: Richard Attanasio

Note: See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event.

Disclosure Information

Disclosure Information Form
View AM Best's Rating Disclosure Form

Press Release
AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Pharmacists Mutual Insurance Group’s Members
October 30, 2024

Rating History

A.M. Best has provided ratings & analysis on this company since 1922.

Financial Strength Rating

Effective Date	Rating
October 30, 2024	A-
March 28, 2024	A- u
January 25, 2024	A-
December 15, 2022	A
November 11, 2021	A
October 28, 2020	A

Long-Term Issuer Credit Rating

Effective Date	Rating
October 30, 2024	a-
March 28, 2024	a- u
January 25, 2024	a-
December 15, 2022	a
November 11, 2021	a
October 28, 2020	a

Rated Issues

Issue Credit Ratings

Date Issued	Amount	Coupon	Issue	Type	Rating	Effective Date	Outlook / Implication
08/16/2019	25,000,000 USD	7.375%	Surplus Notes		bbb	10/30/2024	Negative

(i) Denotes Indicative Rating

Related Financial and Analytical Data

The following links provide access to related data records that AM Best utilizes to provide financial and analytical data on a consolidated or branch basis.

AMB #	Company Name	Company Description
018923	Pharmacists Mutual Insurance Group (G) Rating Unit	Represents the AM Best Consolidated financials for the Property/Casualty business of this legal entity.

Best's Credit & Financial Reports

Best's Credit Report - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s) for AM Best Rating Unit: AMB #: 018923 - Pharmacists Mutual Insurance Group.

Best's Credit Report - Archive - reports which were released prior to the current Best's Credit Report.

Best's Financial Report - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports.

Best's Financial Report - Archive - reports which were released prior to the current Best's Financial Report.

View additional news, reports and products for this company.

Press Releases

Date	Title


Oct 30, 2024	AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Pharmacists Mutual Insurance Group’s Members
Mar 28, 2024	AM Best Places Credit Ratings of Pharmacists Mutual Insurance Group’s Members Under Review With Negative Implications
Jan 25, 2024	AM Best Downgrades Credit Ratings of Members of Pharmacists Mutual Insurance Group
Dec 15, 2022	AM Best Revises the Outlooks to Negative for Pharmacists Mutual Insurance Group’s Members
Aug 16, 2019	AM Best Assigns Issue Credit Rating to Pharmacists Mutual Insurance Company’s Newly Issued Surplus Notes
Apr 24, 2019	AM Best Assigns Credit Ratings to Chiron Insurance Company
Aug 14, 2013	A.M. Best Withdraws Ratings of The Pharmacists Life Insurance Company
Jun 16, 2010	A.M. Best Revises Outlook to Stable for Pharmacists Mutual Insurance Company and The Pharmacists Life Insurance Company
Apr 29, 2009	A.M. Best Revises Outlook to Negative for Pharmacists Mutual Insurance Company and Downgrades Ratings of Pharmacists Life
Jun 15, 2005	A.M. Best Downgrades Rating of Pharmacists Mutual; Revises Outlook to Stable