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The Brethren Mutual Insurance Company is committed to providing value, quality in insurance protection, reliable service and financial integrity.
Brethren Mutual's fiscal strength and security are your assurance of secure insurance coverage. The A.M. Best Company, a leading financial rating organization for the insurance industry, ranks The Brethren Mutual Insurance Company as A- (Excellent) in a financial size category of VII.
What does this rating mean? According to A.M. Best Company (Oldwick, NJ), the rating "reflects the Company's solid capitalization, sound operating strategies and its long standing market presence. These factors are derived from management's commitment to strict underwriting discipline, strong investment income, prudent reinsurance program and its long term agency relationships."
A.M. Best Company also acknowledges: "Brethren Mutual provides personal property, personal automobile and commercial coverages in the states of Maryland, Pennsylvania and Virginia. Through the process of strategic planning, personal lines coverages presently account for approximately 55 percent of the Company's total premium volume. The Company offers more than 30 individual commercial products."
Brethren Mutual continues to be the largest writer of farmowners business among approximately 275 insurance companies writing business in Maryland. Additionally, the Company ranks among the 20 largest writers of private passenger auto and homeowners coverages in the state of Maryland.
Take a look at Brethren Mutual's 2007 Annual Statement to Policyholders (as of December 31, 2007).
If you would like more information regarding BMIC's A.M. Best rating or financials, please e-mail:
Brethren Mutual's Communications/Public Affairs Department.
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