AM Best Upgrades Ratings of Farmers Insurance Company of Flemington

Flemington, NJ, July 02, 2020 --(PR.com)-- Farmers Insurance Company of Flemington announced
today that its Financial Strength Rating (FSR) has been upgraded to A- (Excellent) by AM Best Rating
Services, the world's oldest and most authoritative insurance rating and information source. The
company’s Issuer Credit Rating (ICR) was also upgraded to "a-" and the outlook for both ratings is
Stable.

“We’ve worked very hard to improve every aspect of our business to enhance our financial strength and
better serve our Policyholders,” said Scott St. Angel, President & CEO of Farmers. “We believe the
upgrade to the A- rating reflects the success of those efforts.”

According to AM Best, the rating upgrades were prompted by the favorable trends in Farmers’ balance
sheet, which AM Best characterizes as “very strong.” In addition, the company has significantly reduced
its catastrophe exposure and demonstrated operating results that compare favorably with the rating
agency’s composite of similar property and casualty insurers.

“This upgrade is a meaningful acknowledgement of the work that has been done by our team in
partnership with our Independent Agents,” Mr. St. Angel added. “Earning an upgrade is no easy task and
we are proud to have advanced from a B+ to an A- rating in just five years. We are excited for the future
as we continue to improve our products and services for the benefit of our Policyholders.”

About Farmers Insurance Company of Flemington

Farmers Insurance Company of Flemington is a mutual property and casualty insurance company focused
exclusively on the New Jersey market. Established in 1856, Farmers of Flemington offers its personal and
commercial insurance products through a network of professional Independent Insurance Agents who
provide service, advice and advocacy to its Policyholders. The Company is rated A- (Excellent) with a
stable outlook by AM Best. More information is available on the company’s website at:
www.farmersofflemington.com.

Page 1/2
PR.com Press Release Distribution Terms of Use
Contact Information:
Farmers Insurance Company of Flemington
Conny Boettcher
908-782-4120 x106
Contact via Email
www.farmersofflemington.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/816024

News Image:

Page 2/2
PR.com Press Release Distribution Terms of Use