Sentry Insurance Achieves A+ Rating for 34 Consecutive Years from AM Best
Sentry Insurance Celebrates 34 Years of Excellence with A+ Rating
Sentry Insurance, based in Stevens Point, WI, has achieved an impressive milestone by receiving an A+ (Superior) rating from AM Best for the 34th consecutive year. This recognition highlights the mutual insurer's strong business profile, capital position, and consistent operating performance. In its latest annual review, AM Best emphasized Sentry's robust balance sheet, the diverse range of its business lines, and a solid track record of stable operations.
Pete McPartland, the Chairman and CEO of Sentry, expressed pride in the organization’s sustained success. He attributed the consistent financial results to the company's diversified operations and the skilled workforce that has contributed to its success over the decades. "I feel very good about our ability to sustain these results going forward," McPartland noted. This long-standing recognition from AM Best, which evaluates the financial health of insurance companies, is a testament to Sentry’s unwavering commitment to excellence in the insurance industry.
In February, Sentry's acquisition of The General® saw AM Best upgrade the latter's Financial Strength Rating to A+ and its Long-Term Issuer Credit Rating to "aa-" (Superior). This acquisition not only reinforces Sentry's expansion strategy but also enhances its market position, further solidifying investor confidence. It is worth mentioning that less than 10% of U.S.-based property and casualty insurance firms earn an A+ rating. Even fewer have been able to maintain this high rating for over three decades, placing Sentry in an elite category of insurers.
In addition to its A+ rating, Sentry Insurance has also garnered recognition in other sectors. According to a recent ranking by Fortune, Sentry moved up 29 spots to No. 614 among the Fortune 1000 list, based on its 2024 revenue of $5.4 billion, marking an increase of nearly 10% from the previous year. This is the highest ranking Sentry has ever achieved.
Sentry Insurance is part of a larger collective of mutual insurance companies, offering comprehensive solutions—including property and casualty insurance, life insurance, annuities, and retirement programs—catering to both businesses and individuals across the nation.
As a leading player in the insurance sector, Sentry continues to focus on providing top-quality service and products while maintaining its financial strength. The company remains dedicated to employing innovative strategies to adapt to an ever-evolving industry landscape. For more information about the services and products offered by Sentry, individuals can visit Sentry’s official website.
This consistency in performance and dedication to excellence not only brings reassurance to policyholders but also exemplifies the reliability that comes with being affiliated with one of the highest-rated insurers in the country. The sustained performance over 34 years is a remarkable accomplishment, setting a standard of excellence in the insurance industry and a promising future for Sentry Insurance.