A.M. Best Upgrades Farm Bureau County Mutual Insurance Co. of Texas
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas (County Mutual).
These ratings have been removed from under review with positive implications and assigned a stable outlook.
These rating actions reflect a revised 100 percent quota share reinsurance agreement between County Mutual and Texas Farm Bureau Casualty Insurance Company, as well as a capital contribution. Both companies are domiciled in Waco, Texas.
Source: A.M. Best, www.ambest.com/ratings.
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