AM Best Revises A.I.M. Mutual Outlook to Positive, Affirms ‘Excellent’ Ratings

AM Best reports that it has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings of members of A.I.M. Mutual Insurance Companies. The ratings agency has also affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of the member companies.

The member companies include Associated Industries of Massachusetts Mutual Insurance Co. and its reinsured subsidiaries Associated Employers Insurance Co., Massachusetts Employers Insurance Co. and New Hampshire Employers Insurance Co. All companies are headquartered in Burlington, Massachusetts.

AM Best analysts said the credit ratings reflect A.I.M. Mutual’s balance sheet strength, which they assess as “strongest,” as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

The positive outlook for the Long-Term ICRs is driven by the group’s operational performance, which is reflective of strong underwriting results and investment income that contributes to continuous surplus growth, according to the ratings firm, which added that the group’s “historically consistent favorable reserve development” was also considered in the revised outlook.

AM Best said it expects A.I.M. Mutual will “continue to outperform its peers” on key operating metrics.

A.I.M. Mutual specializes in providing workers’ compensation coverage throughout New England.

Topics Trends AM Best