Merchants Bonding Company (Mutual)

BestLink

AMB #: 000594 NAIC #: 14494 FEIN #: 420410010

Mailing Address
P.O. Box 14498
Des Moines, Iowa 50306-3498

United States

Web: www.merchantsbonding.com

Phone: 515-243-8171

Fax: 515-243-3854

View Additional Address Information

Administrative Office
6700 Westown Parkway
West Des Moines, Iowa 50266-7754
United States

Domiciliary Address
6700 Westown Parkway
West Des Moines, Iowa 50266-7754
United States

AM Best Rating Unit: AMB #: 018618 - Merchants Bonding Co (Mutual) 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, 000594 - Merchants Bonding Company (Mutual) 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):	Positive
Action:	Affirmed
Effective Date:	June 04, 2026
Initial Rating Date:	June 30, 1953

Long-Term Issuer Credit View Definition

Rating (Rating Category):	a+ (Excellent)
Outlook (or Implication):	Positive
Action:	Affirmed
Effective Date:	June 04, 2026
Initial Rating Date:	May 30, 2007

Financial Size Category View Definition

Financial Size Category:

IX (USD 250 Million to Less than 500 Million)

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

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

Financial Analyst: Justin Aimone

Senior Financial Analyst: Adib Nassery

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 Revises Outlooks to Positive for Merchants Bonding Company (Mutual)and Merchants National Bonding, Inc.
June 04, 2026

Rating History

A.M. Best has provided ratings & analysis on this company since 1953.

Financial Strength Rating

Effective Date	Rating
June 04, 2026	A
May 29, 2025	A
May 30, 2024	A
June 01, 2023	A
May 05, 2022	A

Long-Term Issuer Credit Rating

Effective Date	Rating
June 04, 2026	a+
May 29, 2025	a+
May 30, 2024	a+
June 01, 2023	a+
May 05, 2022	a

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
018618	Merchants Bonding Co (Mutual) 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 #: 018618 - Merchants Bonding Co (Mutual) 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


Jun 01, 2023	AM Best Upgrades Issuer Credit Ratings of Merchants Bonding Company (Mutual)and Merchants National Bonding, Inc.
May 05, 2022	AM Best Revises Issuer Credit Rating Outlook to Positive for Merchants Bonding Co (Mutual) and Merchants National Bonding, Inc.