Grinnell Mutual earns AM Best rating of ‘A’

AM Best has affirmed an “A” (Excellent) Financial Strength Rating (FSR) for Grinnell Mutual. The “A” rating and stable outlook for the future apply to both Grinnell Mutual Reinsurance Company and Grinnell Select Insurance Company (GSI), and Grinnell Compass, Inc. Grinnell Mutual has received an “A” rating since 1991. 

AM Best also revised the company’s Long-Term Issuer Credit Ratings (ICRs) outlook up from negative to stable and reaffirmed its “a+” (Excellent) rating.

“We are pleased with the affirmation of our Financial Strength Rating and the change in outlook of our Issuer Credit Rating,” said Grinnell Mutual President Dave Wingert. “The change reflects the positive growth of our surplus from underwriting actions taken the last few years to be profitable and support our mutual members and policyholders.” 

AM Best is a leading rating agency for assessing property-casualty companies’ financial stability.