For over six decades, Indiana Farm Bureau Insurance company United Farm Family Life Insurance Company (UFFL) has demonstrated its financial strength, earning a Best’s Financial Strength Rating of “A” (Excellent). A.M. Best, a global credit rating agency specializing in the insurance industry, recognizes UFFL’s remarkable achievement by including it on the 2023 A.M. Best’s Review “Standing the Test of Time” list. This distinguished list honors property/casualty and life/health insurers that have maintained a Best’s Financial Strength Rating of “A” or higher for at least 50 years.
A Commitment to Excellence
The 15th edition of “Standing the Test of Time,” featured in July’s Best’s Review, showcases 167 companies, among which only 37 are life/health insurance companies. This recognition speaks to UFFL’s enduring strength and stability, highlighting their dedication to their customers. Tom Bower, the Senior Vice President of Life, proudly emphasizes, “Earning the ‘A’ rating and maintaining it for 63 years demonstrates our unwavering commitment to protecting what matters most to our policyholders.”
A.M. Best Ratings: A Comprehensive Evaluation
A.M. Best ratings are a forward-looking, independent, and objective assessment of an insurer’s creditworthiness. Through a comprehensive analysis, including a quantitative and qualitative evaluation of balance sheet strength, operating performance, and business profile, A.M. Best offers a reliable opinion on an insurer’s financial standing. Despite a challenging economic environment, UFFL’s CEO, Kevin Murphy, expresses immense pride in their continued “A” rating affirmation for over six decades.
About Indiana Farm Bureau Insurance
Indiana Farm Bureau Insurance has been serving Hoosiers for nearly 90 years. Established in 1934 by Indiana Farm Bureau, Inc., the company has expanded its portfolio to include insurance products for auto, life, home, business, and farm. Additionally, they offer health plan benefits, banking services, and other financial products through local offices and their online platform, www.infarmbureau.com.
With a home office in downtown Indianapolis and local offices across all 92 counties, Indiana Farm Bureau Insurance is dedicated to providing exceptional service. With over 400 agents and approximately 1,200 employees living and working throughout the state, they are a leader in auto and homeowners insurance and the largest writer of farm insurance in Indiana.
FAQs
Q: How long has United Farm Family Life Insurance Company maintained its “A” rating?
A: United Farm Family Life Insurance Company has maintained its “A” rating for 63 years.
Q: How does A.M. Best determine an insurer’s rating?
A: A.M. Best evaluates an insurer’s rating through a comprehensive analysis of balance sheet strength, operating performance, and business profile.
Q: What insurance products does Indiana Farm Bureau Insurance offer?
A: Indiana Farm Bureau Insurance offers insurance products for auto, life, home, business, and farm. They also provide health plan benefits, banking services, and other financial products.
Q: Where can I find Indiana Farm Bureau Insurance’s local offices?
A: Indiana Farm Bureau Insurance has local offices in all 92 counties across Indiana.
Conclusion
Indiana Farm Bureau Insurance, through its subsidiary United Farm Family Life Insurance Company, has proven its stability and financial strength by maintaining an “A” rating for over six decades. This accolade from A.M. Best’s Review “Standing the Test of Time” list is a testament to their commitment to their policyholders and the community. With a wide range of insurance products and exceptional service, Indiana Farm Bureau Insurance continues to provide peace of mind to Hoosiers, protecting what matters most.
