Sentry Insurance has recently been assigned an A+ (superior) Financial Strength Rating (FSR) from AM Best, the insurance industry’s leading rating authority.* Hortica, a brand of the Sentry Insurance Group, continues to be supported by the mutual insurer’s strength. This rating reflects the company's financial strength and ability to meet ongoing insurance obligations and pay customers' claims.
“Being a part of an institution as strong as Sentry Insurance is very important to all of us,” said Tim Noble, President – Hortica. “We’re dedicated to combining our unique industry expertise with the financial strength of Sentry, so our customers have confidence they have the best financial backing possible.”
It’s the 29th consecutive year mutual insurer Sentry Insurance has received an A+ (superior) rating.
“We are proud to be recognized by AM Best with an A+ rating for the 29th straight year,” said Todd Schroeder, Sentry Chief Financial Officer and President – Life & Annuities. “The longevity of this rating speaks to the hard work, dedication, and high level of customer service our associates—and retirees—have delivered day in and day out over the course of decades. This year’s rating means we’re still positioned well, in these uncertain times, to provide our customers the protection and services they need.”
In support of its A+ (superior) rating, AM Best points to Sentry’s balance sheet strength, which achieves the rating authority’s highest ranking of “strongest” for risk-adjusted capitalization. AM Best also recognizes Sentry’s consistent underwriting and favorable levels of investment income, well-diversified business mix, strong management team with a successful track record of executing strategy, and enterprise risk management processes that continue to assist in meeting corporate profitability and preservation of capital goals.
In other news, Fortune recently released its annual rankings of the nation’s largest companies. This year, Fortune ranks Sentry No. 670 on its Fortune 1000 list, up 15 slots from 2019.
Fortune bases its rankings on total revenue; Sentry reached $3.68 billion last year. The company has climbed 129 slots since 2015.
*Sentry has an AM Best Financial Strength Rating (FSR) of A+ (superior), current as of June 2020. See ambest.com/ratings/guide.pdf for rating information.