Spotlight On: A.M. Best Reaffirms our A- Rating

Spotlight On: A.M. Best Reaffirms our A- Rating

Every year PLM goes through the annual review process from A.M. Best to receive a financial rating. A.M. Best is the largest credit rating agency in the world that specializes in the insurance industry. This rating shows the industry and our stakeholders our long-term viability to hold our promises and obligations as an insurance company.

We are pleased to announce that A.M. Best has reaffirmed PLM’s A- (Stable) outlook for 2024. In addition, we have released our 2023 Annual Report that can be viewed here Financial Information Pennsylvania Lumbermens Mutual – PLM (plmins.com). A few notable accomplishments include ending 2023 with writing $424.2 million in direct written premium with a 90.24% policy count retention and 106.34% premium retention.