Financial Strength

AM Best

Since 1894 West Bend has come to stand for excellence through the use of innovative insurance products, steady growth, and financial stability. Since 1971, West Bend has been rated A (Excellent) or better by AM Best, recognized worldwide as the benchmark for assessing insurers' financial strength.

West Bend’s Financial Strength Rating of “A” (Excellent) and Issuer Credit Rating of “a+” were affirmed in 2019 by AM Best. The ratings reflect our company’s consistently strong risk-adjusted capitalization, stable regional market presence, and conservative risk management culture.

The primary objective of AM Best's credit ratings within the insurance industry is to provide an opinion of an insurer's ability to meet ongoing insurance policy and contract obligations. West Bend's A rating was derived from an in-depth evaluation of our company's balance sheet strength, operating performance, and business profile, as compared with AM Best’s quantitative and qualitative standards.

As a mutual insurance company, we’re owned by our policyholders. We don't answer to Wall Street. We decide what to do, and these decisions are always predicated on what’s best for our policyholders, agents, and associates for the long term. Our strong ratings from AM Best reflect that.

Ward's 50

West Bend has placed in the coveted Ward's 50 group of top-performing companies for 2023. The recently released list includes the best industry performers of nearly 3,000 U.S.-domiciled property-casualty insurance companies and nearly 700 life-health insurance companies. West Bend is recognized for its outstanding financial results in the areas of safety, consistency, and performance over five years (2018-2022). It is the tenth consecutive year the company has been included.

Deloitte’s Wisconsin 75

West Bend ranked number 24 on Deloitte’s Wisconsin 75, a ranking of the 75 largest private companies in Wisconsin, based on sales revenue. Deloitte’s annual Wisconsin 75 list salutes the largest privately-held, Wisconsin-based companies. These companies play a key role in the state’s economy. Wisconsin 75 award winners are selected based on annual sales revenue.