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 A.M. Best Company, 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 as of May 6, 2015 by A.M. Best Company. The ratings reflect our company’s consistently strong risk-adjusted capitalization, stable regional market presence, and conservative risk management culture.
The primary objective of A.M. 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 A.M. Best Company’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 A.M. Best Company reflect that.