Jewelers Mutual earns top ratings
January 23, 2014
Neenah, Wis.--For the 27th year in a row, Jewelers Mutual Insurance Company has received an A+ Superior financial strength rating from A.M. Best.
Jewelers Mutual said that its consistent underwriting profits, positive cash flow and stable stream of net investment income drive its profitability. The company is debt-free.
“Twenty-seven consecutive years of A+ ratings is an accomplishment we are very proud of at Jewelers Mutual,” said President and CEO Darwin Copeman. “A.M. Best is one of the most respected rating companies in the world. This A+ rating reflects Jewelers Mutual’s financial strength and stability over more than a quarter of a century. I have heard agents and policyholders refer to Jewelers Mutual as the gold standard in jewelry insurance, and A.M. Best’s rating certainly supports our position as a leading insurer for jewelry businesses and jewelry owners.”
A.M. Best is an independent rating agency that provides financial data and credit ratings in the insurance industry and was founded in 1899.
Its ratings are based on a comprehensive quantitative and qualitative evaluation of each company’s balance sheet strength, operating performance and business profile, or the specific nature and details of a debt security where appropriate.
Neenah-based Jewelers Mutual is the only insurer dedicated solely to serving the jewelry industry in the United States and Canada, serving both commercial jewelry businesses and jewelry owners.
The company insures 10,000 commercial policyholders, including retail jewelers, wholesalers, manufacturers, custom designers, repair businesses, bench jewelers and appraisers, and more than 300,000 individuals.
The company celebrated its 100th anniversary last year.