Factory Mutual Insurance Company, known in the industry as FM Global, has had its A+ (Superior) Financial Strength Rating (FSR) and “aa” (Superior) Long-Term Issuer Credit Ratings (Long-Term ICRs) reaffirmed by AM Best.
AM Best is a leading authority in credit ratings, news publishing, and data analysis for the insurance sector.
The affirmation comes with a stable outlook for the company’s future performance.
According to AM Best, the decision reflects the strong foundation of FM Global’s balance sheet, which the rating agency considers to be among the strongest in the industry.
The evaluation further recognises FM Global’s consistent operational success, its advantageous market position, and its effective approach to managing enterprise risks. AM Best also noted FM Global’s exceptional level of risk-adjusted capitalisation, as determined by the Best’s Capital Adequacy Ratio, and the company’s demonstrated ability to withstand financial strains from natural catastrophes over an extended period.
These ratings by AM Best follow FM Global’s receipt of similarly positive ratings from other major rating agencies, Fitch and S&P Global, in the latter part of 2023.
