Farm Bureau Insurance

Home About Us Policies & Services Contact Us

You are here: Home / About Us / Financial Strength

Find an Agent in:

Reports & Downloads

Below find various reports and downloads. Each item is in PDF format and opens in a new browser window.

Financial Strength

 

Growing up in the country or in a small town in The South provides some important lessons...lessons that come in handy as time goes by.  It teaches us that the best way to handle tomorrow's challenges is to be prepared today.  Spend your energy—and your money—wisely.  At Southern Farm Bureau Life Insurance Company we have a similar approach at the core of our corporate philosophy—exercise common sense, focus on dependable investments and handle business face-to-face... not in-your-face.

› Download our Ratings Brochure (PDF)

The brochure on our company's financial ratings by A.M. Best, TheStreet.com Ratings and Ward Group was designed to tell our story to our members, our policyowners and the buying public.  Although sometimes we take these excellent ratings for granted, they do not come easily.  It is through hard work, conservative business practices and ever-vigilant foresight that we maintain these ratings that make us proud.  Our company and our field force do not waver in our steadfastness and our resolve.  If we do fall short, it is in our failure sometimes to emphasize our strengths, as well as we should.

Southern Farm Bureau Life Insurance Company enjoys an excellent reputation in the life insurance industry, among the industry ratings services and most importantly among the insureds and policyowners all across The South. Even in these difficult financial times, some things haven't changed...Southern Farm Bureau Life Insurance Company is sound, secure and strong.

IMPORTANT NOTE: These ratings reflect the opinions of the commercial rating organizations shown as to the relative financial strength and performance of the insurer in comparison with others. Such ratings are not a warranty of the insurer's current or future ability to meet its contractual obligations.

A.M. Best

Rating: A+ (Superior)

Southern Farm Bureau Life's A+ (Superior) rating is a rating assigned to companies which in the opinion of Best have demonstrated superior overall performance when compared to the standards established by Best. "A+" rated companies have a very strong ability to meet their obligations to policyholders over a long period of time.

A.M. Best was incorporated in 1899 and became the first rating agency in the world reporting on the financial condition of insurance companies. Best's ratings are formally evaluated at least once every twelve months. Their analysts maintain contact with company management throughout the year, and monitor the insurer's performance on a six, nine, and 12-month basis. Best's rating system evaluates the factors affecting the overall performance of an insurance company to provide their opinion of the company's financial strength, operating performance and ability to meet its obligations to policyholders.


          BEST'S RATINGS KEY

 

"Secure" Best's Ratings
 

A++ and A+

  

Superior
 

A and A-

  

Excellent
 

B++ and B+

  

Good
 

"Vulnerable" Best's Ratings
 

B and B-

  

Fair
 

C++ and C+

  

Marginal
 

C and C-

 

Weak
 

D

 

Poor
 
AM Best

TheStreet.com

(Formerly: Weiss Ratings)

Rating: A (Excellent)

Southern Farm Bureau Life's A rating places it in an elite group of the nation's life and health insurers meeting TheStreet.com Ratings' criteria for exceptional financial strength. Furthermore, its "Recommended" status means that TheStreet.com believes the company offers excellent financial security. Southern Farm Bureau Life has maintained a conservative stance in its investment strategies, business operations and underwriting commitments. TheStreet.com's belief is that the company has the resources necessary to deal with severe economic conditions.

TheStreet.com provides an opinion regarding a company's ability to meet its commitments to the policyholder - not only under current economic conditions, but also during a declining economy or in an environment of increased liquidity demands.


          THESTREET.COM RATINGS KEY

 

A

  

Excellent
 

B

  

Very Good
 

C

  

Fair
 

D

  

Weak
 

E

  

Very Weak
 

F

 

Failed
 

U

 

Unrated Institutions

Ward Group

Southern Farm Bureau Life named to Ward's Top 50 (listing of the 50 safest and best performing insurers).

Ward Group, a Cincinnati-based consulting firm specializing in the insurance industry, rates over 850 companies, conducting a yearly in-depth analysis. The top 50 companies rated are recognized by Ward as excelling in balancing safety, consistency, and performance. This distinction marks Southern Farm Bureau Life's 19th consecutive year to receive the honor.


 

 

 

  ML WS1(0309)