Trending...
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- ULGSO Hosts The 2025 Urban Champions Youth Summit: "Lead the Way, Don't Be Led Away"
COLUMBUS, Ohio--(BUSINESS WIRE)--Grange Insurance Company continues to be a financially strong and innovative company, according to A.M. Best, a global credit rating agency that specializes in the insurance industry.
A.M. Best reaffirmed Grange's financial strength rating (FSR) of "A" (Excellent) and upgraded its outlook to positive from stable for all its property and casualty companies and affiliates. The FSR is the most crucial component of A.M. Best's rating because it indicates a carrier's ability to pay its policyholders' future claims.
In addition, Grange's Issuer Credit Rating (ICR) remains an "a+" (Excellent), and the outlook was also upgraded to positive from stable. This rating indicates that Grange has an excellent ability to meet ongoing senior financial obligations and places Grange among a top tier of insurance companies across the United States.
More on Ohio Pen
"We continue to build on our foundation of financial strength, even during uncertain times," said Grange President and CEO John Ammendola. "Our 'A' rating and upgraded positive outlook proves we can deliver on our promise of providing peace of mind and protection to individuals, families and businesses. We believe these ratings reflect the success of our company well into the future."
In their review, A.M. Best's rating referenced Grange's strong balance sheet and sustained improvement in underwriting and operating performance, including underwriting metrics that outperformed its peer group in recent years. Combined with growing investment income, this improvement has resulted in continued organic growth in surplus.
A.M. Best also provided their assessment of Grange's innovation capabilities. It rated it as "Prominent" for the second consecutive year. In previous analysis across their rating universe, a "Prominent" assessment placed a company in the top 10% versus companies reviewed.
More on Ohio Pen
"Grange is honored to receive these positive ratings. Innovation is crucial to our ability to adapt to the rapidly changing insurance landscape," said Ammendola. "We enable innovation to thrive across every aspect of our business to support the success of our agency partners and meet customers evolving needs. Innovation enhances our competitive advantage and fuels the future of Grange."
Grange has a long-standing "A" financial strength rating from A.M. Best, and financial strength is a critical consideration when it comes to purchasing insurance.
About Grange Insurance
Grange Insurance Company, with $3 billion in assets and more than $1.3 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. Learn more about Grange Insurance
Grange Insurance newsroom
A.M. Best reaffirmed Grange's financial strength rating (FSR) of "A" (Excellent) and upgraded its outlook to positive from stable for all its property and casualty companies and affiliates. The FSR is the most crucial component of A.M. Best's rating because it indicates a carrier's ability to pay its policyholders' future claims.
In addition, Grange's Issuer Credit Rating (ICR) remains an "a+" (Excellent), and the outlook was also upgraded to positive from stable. This rating indicates that Grange has an excellent ability to meet ongoing senior financial obligations and places Grange among a top tier of insurance companies across the United States.
More on Ohio Pen
- $10 Million Allocated to Establish Crypto Treasury Focused on High Value Ethereum (ETH) & Bitcoin (BTC) as Long-Term Holdings for Cybersecurity Leader
- Two in five Pre-Retirees Say Dreams for Retirement Have Been Delayed, Altered or Cancelled
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New DBH Graduates
- $100 to $200 Million Equity Agreement with Top Digital Advisor Bitwise to Power Major Digital Asset Initiative for Bitcoin and Solana: OFA Group
- New Collaboration Launches Corporate ESG Solution for Responsible Decommissioning and Transparent Reporting
"We continue to build on our foundation of financial strength, even during uncertain times," said Grange President and CEO John Ammendola. "Our 'A' rating and upgraded positive outlook proves we can deliver on our promise of providing peace of mind and protection to individuals, families and businesses. We believe these ratings reflect the success of our company well into the future."
In their review, A.M. Best's rating referenced Grange's strong balance sheet and sustained improvement in underwriting and operating performance, including underwriting metrics that outperformed its peer group in recent years. Combined with growing investment income, this improvement has resulted in continued organic growth in surplus.
A.M. Best also provided their assessment of Grange's innovation capabilities. It rated it as "Prominent" for the second consecutive year. In previous analysis across their rating universe, a "Prominent" assessment placed a company in the top 10% versus companies reviewed.
More on Ohio Pen
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
- TikTok Star ArcadeFriends Attempts 24-Hour Claw Machine Marathon at Lucky Puppy Arcade in Las Vegas
- Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
- KCON LA 2025, 106.3 RAIN FM 'Take Over' Special Event
- The Citizens Commission on Human Rights Annual Purple Heart Day Event will be Hosted at the Historic Fort Harrison
"Grange is honored to receive these positive ratings. Innovation is crucial to our ability to adapt to the rapidly changing insurance landscape," said Ammendola. "We enable innovation to thrive across every aspect of our business to support the success of our agency partners and meet customers evolving needs. Innovation enhances our competitive advantage and fuels the future of Grange."
Grange has a long-standing "A" financial strength rating from A.M. Best, and financial strength is a critical consideration when it comes to purchasing insurance.
About Grange Insurance
Grange Insurance Company, with $3 billion in assets and more than $1.3 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. Learn more about Grange Insurance
Grange Insurance newsroom
Filed Under: Business
0 Comments
Latest on Ohio Pen
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Civista Bancshares, Inc. Announces Agreement to Acquire The Farmers Savings Bank; Launches Public Offering of Common Shares
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- 2025 MBMA Student Design Competition Now Open
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Fully Accountable Introduces Interactive Accounting Scorecard to Improve Financial Performance
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Warren County Park District Unveils Bold Strategic Plan to Shape Future of Parks and Green Spaces
- Huntington Bancshares Incorporated Announces Second Quarter 2025 Earnings Call Details
- Ringside Talent Provides Finance & Accounting Recruiting to Help Companies Build Strong Teams
- ULGSO Hosts The 2025 Urban Champions Youth Summit: "Lead the Way, Don't Be Led Away"
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes