Algona, IA – Pharmacists Mutual Insurance Group is pleased to announce that AM Best Company* has affirmed its Financial Strength Rating (FSR) of A- (Excellent) and its Long-Term Issuer Credit Rating (ICR) of a- (Excellent). According to AM Best’s FSR scale, an Excellent rating reflects an insurer’s strong ability to meet its ongoing policy and contract obligations, a standard we remain committed to delivering.
This affirmation follows significant balance sheet improvements, including strategic reinsurance agreements that reinforce our financial stability and resilience. These actions, combined with ongoing performance initiatives, led AM Best to confirm our standing.
“Preserving this rating reflects disciplined execution in underwriting, balance sheet management, and our commitment to evolving how we do business,” said Aaron Pearce, President & CEO of Pharmacists Mutual Insurance Group. “This achievement is the result of a company-wide effort, and we remain focused on continuous improvement.”
For more than a century, Pharmacists Mutual has partnered with professionals and agencies to protect community pharmacists, as well as dental, veterinary, and healthcare providers. This rating underscores our financial strength and dedication to supporting our partners with reliable solutions and exceptional service.
*Effective December 2, 2025. For the latest Best’s Credit Rating, access ambest.com.