December 12, 2024

AM Best upgrades Texas Mutual’s financial strength and credit ratings

We’re thrilled to share that AM Best has upgraded our financial strength rating to “A+” (Superior) from "A" (Excellent). Additionally, our issuer credit rating has been upgraded to “aa-” (Superior) from "a+" (Excellent). Both ratings have been updated to stable. This news reflects Texas Mutual’s strong operating performance and financial strength, which will allow us to continue being there for those who rely on us today and for many years to come.

AM Best, the largest credit rating agency in the world, is the industry standard for rating insurance providers, giving consumers and agents an unbiased representation of a company's reliability and credibility. Texas Mutual was already a top-rated company, receiving our first “A” rating from AM Best in 2011. The upgrade to an “A+” rated company and recognition as one of the best in the industry demonstrates our strong history of excellence and value as one of the top workers’ compensation providers available to businesses.

For more than three decades, Texas Mutual has been committed to supporting Texas businesses and providing a stable source of workers’ compensation. This past year, we continued to invest in the future of our state and industry through initiatives like our work-based learning programs, a $350 million policyholder dividend distribution and new disaster preparedness resource for small businesses. Learn more about how we're delivering on our commitments in our 2024 year in review.

From our hard-working employees to our valued policyholders and agent partners, we’re dedicated to maintaining our position as a responsible market leader. Thank you to each one of our agents and policyholders who help us succeed year after year. We appreciate your support and share this recognition with you.