Outlooks Revised to Positive for Missouri Valley Mutual Insurance
A.M. Best has revised the outlooks to constructive from secure and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, South Dakota.
The scores replicate Missouri Valley’s stability sheet energy, which A.M. Best categorizes as ample, in addition to its ample working efficiency, restricted enterprise profile and acceptable enterprise danger administration.
The adjustments in outlooks additionally replicate Missouri Valley’s lately improved underwriting efficiency relative to earlier years, cheap surplus progress over the previous 5 years and risk-adjusted capitalization maintained on the strongest degree. These constructive ranking attributes are offset to some extent by the corporate’s restricted monetary flexibility and scale, in addition to some volatility in its surplus progress over the long run.
Source: A.M. Best
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