AM Best, the insurance industry’s leading rating authority, has assigned Sentry Insurance an A+ (superior) rating for the 30th consecutive year.* Hortica® is a brand of the Sentry Insurance Group.
“Our affiliation with Sentry Insurance has put us in a strong position,” said Tim Noble, Hortica brand president. “We can combine the financial strength of Sentry with our industry knowledge and dedicated service to provide an excellent experience for our customers.”
Fewer than 15 percent of U.S.-based property and casualty insurance companies earn the A+ rating, and even fewer have achieved it for three straight decades.
“Despite the challenges of a nationwide pandemic, our sound business practices allowed us to achieve positive results this past year,” said Todd Schroeder, Sentry chief financial officer. “Through the development and use of industry-leading technology, we’ve provided our customers a better overall experience—this has been invaluable to our success. We’re poised to exit the pandemic as an even stronger company and provide our customers the protection and services they rely on.”
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.
Hortica property and casualty coverages are underwritten, and loss control services are provided, by Florists’ Mutual Insurance Company, Florists’ Insurance Company, and Florists’ Insurance Service, Inc. Since its affiliation with the Sentry Insurance Group in 2015, Florists’ has maintained an A+ rating from AM Best.
*Sentry has an AM Best Financial Strength Rating (FSR) of A+ (superior), current as of June 2021. See ambest.com/ratings/guide.pdf for rating information.
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