AM Best Rating Services


Rating Review Form
004237-Southern Farm Bureau Casualty Group

Best's Credit Rating Effective Date
Best's Rating Review Date
July 13, 2023
March 28, 2024
Southern Farm Bureau Casualty Group
AMB #:004237
Ultimate Parent: AMB # 46019 - Southern Casualty Holding Co
Best's Credit Ratings - for the Rating Unit Members
Financial Strength Rating
Issuer Credit Rating
(FSR)
(ICR)
A
a
Excellent
Excellent
Outlook: Negative
Outlook: Negative
Action: Downgraded
Action: Downgraded
Rating Unit - Members
Southern Farm Bureau Cas Group | AMB #: 004237
AMB #
Rating Unit Members
AMB #
Rating Unit Members
000278
Colorado Farm Bureau Insurance Company
000513
Mississippi Farm Bureau Casualty Insurance Company
000844
Southern Farm Bureau Casualty Insurance Company
002844
Louisiana Farm Bureau Casualty Insurance Company
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 Very Strong 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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