OLDWICK, N.J.–(BUSINESS WIRE)–Jul 28, 2026–
AM Only has revised the outlook to real from detrimental for the Lengthy-Term Issuer Credit Ratings (Lengthy-Term ICR) and affirmed the Monetary Strength Score (FSR) of A+ (Superior) and the Lengthy-Term ICRs of “aa” (Superior) of Tennessee Farmers Mutual Insurance coverage Firm and its affiliate, Tennessee Farmers Assurance Firm, which shall be contributors of Tennessee Farmers Insurance coverage Firms (TFIC). The outlook of the FSR is real. On the identical time, AM Only has affirmed the FSR of A+ (Superior) and the Lengthy-Term ICR of “aa-” (Superior) of Tennessee Farmers Life Insurance coverage Firm (TFLIC). The outlook of these Credit Ratings (ratings) is real. All companies domiciled in Columbia, TN.
The ratings mirror TFIC’s steadiness sheet energy, which AM Only assesses as strongest, besides to its real working performance, favorable substitute profile and appropriate endeavor probability administration (ERM).
The revision of the Lengthy-Term ICR outlook to real from detrimental displays successful results which shall be favorable to peers in most modern years. TFIC’s working performance advantage is purely displayed by its 5- and 10-year realistic measures. Thru year-discontinuance 2025, the community outperformed the non-public passenger authentic auto and house owners’ composite averages in quite loads of metrics including return measures, underwriting ratios and dealing ratios. The community has a field matter underwriting expense advantage pushed by the entity’s scale in comparison with the composite and numerous Farm Bureau peers. The community has managed its costs consistently to enable for more favorable pricing and decrease volatility in underwriting results.
TFIC’s steadiness sheet energy evaluate is supported by its probability-adjusted capitalization, which remained on the strongest level at year-discontinuance 2025, as measured by Only’s Capital Adequacy Ratio (BCAR). The community’s steadiness sheet energy is complemented extra by low underwriting leverage ratios, favorable liquidity, consistently favorable reserve building and a low-probability funding profile.
The favorable substitute profile displays TFIC’s real market management divulge in a aggressive ambiance, the set a productive and real distribution company is leveraged throughout the areas of Tennessee. The community’s purpose is to abet the farmer community in Tennessee. The community collectively presents a elephantine line of non-public insurance coverage merchandise and services and products to contributors of the Tennessee Farm Bureau Federation. The community maintains predominant market portion, agent retention levels, real imprint recognition, lengthy-standing Farm Bureau affiliation and diversification of product line choices across the divulge.
TFIC’s ERM evaluate of appropriate displays the community’s established probability administration framework with said probability tolerances, limits and controls. The ERM evaluate is in step with the danger administration framework and culture, depth of working out probability exposures and dedication to properly assessing dangers on an ongoing foundation. TFIC continues to voluntarily file an Own Threat Solvency Evaluate Describe (ORSA) with the Tennessee insurance coverage division that is up prior to now yearly.
The ratings of TFLIC mirror its steadiness sheet energy, which AM Only assesses as strongest, besides to its adequate working performance, neutral substitute profile and appropriate ERM.
The real outlooks mirror AM Only’s expectation that TFLIC will protect its steadiness sheet energy, working performance and substitute profile assessments over the intermediate duration of time. The company’s assessments are built upon its real working trends and product profile which hang resulted in consistent and organic yell of probability-adjusted capital.
TFLIC’s steadiness sheet energy evaluate is supported by its probability-adjusted capitalization, which remained on the strongest level at year-discontinuance 2025, as measured by BCAR. This steadiness sheet energy evaluate is complemented extra by quality of capital, favorable liquidity measures and low reinsurance dependence. Some limiting factors embody the tighter unfold compression between asset funding returns and crediting charges on annuities.
TFLIC’s working performance evaluate is supported by a confirmed computer screen file of profitability on a pre-tax foundation extending over Two decades. TFLIC’s particular person life substitute continues to dominate its earnings profile. Life insurance coverage face quantity volume is broken down approximately 20% permanent and 80% duration of time. Life insurance coverage annualized top class is broken down approximately 60% permanent and 40% duration of time.
The neutral substitute profile displays TFLIC’s real market divulge in a aggressive ambiance. TFLIC markets life/annuity merchandise to Tennessee Farm Bureau Federation contributors. Roughly 89% of the membership owns property/casualty insurance policies, and approximately 33% of that community owns a life company product.
TFLIC’s ERM evaluate of appropriate displays the community’s established probability administration framework, which is integrated totally with the parent company, TFIC. TFLIC concerns moreover are included within the company’s annual ORSA file.
This press delivery pertains to Credit Ratings which had been printed on AM Only’s net net site. For all ranking info regarding the delivery and pertinent disclosures, including critical scheme of the place of job to blame for issuing every of the particular person ratings referenced on this delivery, please look AM Only’sMost contemporary Score Projectnet net site. For more info regarding the spend and obstacles of Credit Score opinions, please glimpseManual to Only’s Credit Ratings. For info on the staunch spend of Only’s Credit Ratings, Only’s Performance Assessments, Only’s Preliminary Credit Assessments and AM Only press releases, please glimpseManual to Merely Employ of Only’s Ratings & Assessments.
AM Only is a world credit standing company, info author and info analytics provider specializing within the insurance coverage industry. Headquartered within the United States, the company does substitute in over 100 countries with regional locations of work in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis. For more info, consult withwww.ambest.com.
Copyright © 2026 by A.M. Only Score Companies, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Seek for source model on businesswire.com:https://www.businesswire.com/info/home/20260728780516/en/
CONTACT: Michael Cantalino
Senior Monetary Analyst
+1 908 882 2243
Christopher Lewis
Senior Monetary Analyst
+1 908 882 2014
Christopher Sharkey
Affiliate Director, Public Members of the family
+1 908 882 2310
Al Slavin
Senior Public Members of the family Specialist
+1 908 882 2318
KEYWORD: NEW JERSEY EUROPE UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: A.M. Only Score Companies, Inc.
Copyright Business Wire 2026.
PUB: 07/28/2026 05:06 PM/DISC: 07/28/2026 05:06 PM
http://www.businesswire.com/info/home/20260728780516/en
