AM Best, the insurance industry’s leading rating authority, has assigned Sentry Insurance an A+ (superior) rating for the 32nd 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 10% of U.S.-based property and casualty insurance companies earn the A+ rating, and even less have achieved it for more than three straight decades.
“In a challenging year, we outperformed standards for premium growth and profitability, solidifying our position as one of the best-capitalized companies in the insurance industry,” said Todd Schroeder, Sentry Chief Administrative Officer and Chief Financial Officer.
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 disciplined investment management strategy and consistent operating results, the latter of which is “fueled by management’s innovative initiatives.” It also noted Sentry’s well-diversified business mix, offering a broad range of commercial and personal property and casualty coverages throughout the U.S.
Hortica® property and casualty coverages are underwritten, and loss control services are provided, by Florists’ Mutual Insurance Company, Florists’ Insurance Service, Inc., Edwardsville, IL, or affiliated members of the Sentry Insurance Group.
*Sentry has an AM Best Financial Strength Rating (FSR) of A+ (superior), current as of June 2023.
Since its affiliation with the Sentry Insurance Group, Florists’ has maintained an A+ rating from AM Best.