Builders Mutual A.M. Best Rating Reaffirmed
Raleigh, N.C. – Builders Mutual Insurance Company is pleased to announce that our Financial Strength Rating of A (Excellent) was reaffirmed by A.M. Best Company, the leading source for information on the financial condition and operating performance of insurance companies worldwide, for the 20th consecutive time on April 24, 2019.
According to the A.M. Best Rating Rationale Summary, the rating reflects the strength of Builders Mutual’s balance sheet, which A.M. Best categorizes as strongest, as well as our appropriate enterprise risk management. Builders Mutual’s positive outlook also reflects our solid balance sheet strength and operating performance, which has consistently remained favorable over the prior five year period.
“Builders Mutual’s “A” rating from A.M. Best reflects the stability of our company and shows our continued commitment to maintaining sound financial management,” states John Boggs, President and Chief Executive Officer. “It also reinforces our dedication to provide a solid financial foundation for our policyholders and agents."
Headquartered in Raleigh, NC, Builders Mutual is a leading writer of commercial insurance for the construction industry in the Southeast and Mid-Atlantic. Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Georgia, Maryland, Mississippi, South Carolina, Tennessee, Virginia and Florida. The company provides coverage to more than 24,000 policyholders through more than 5,000 sales agents and employs more than 350 staff at its Raleigh headquarters.