AM Best Upgrades Rating for Farmers Alliance Companies to “A” (Excellent)
MCPHERSON, KANSAS — Farmers Alliance announced today that AM Best has upgraded the Farmers Alliance Rating to “A” (Excellent). The announcement was made to employees and independent agents by President and CEO Brian Lopata.
President Lopata said, “You may recall that our “Outlook” was upgraded last year at this time to “Positive”, which was a significant achievement. It is highly uncommon to have upgrades in consecutive years, making this news even more exciting.” AM Best ratings are based on financial and operational performance over several years, and are indicative of how Farmers Alliance compares with other companies. Lopata added, “This upgrade in our AM Best Financial Strength Rating is a meaningful acknowledgement of the work that has been done by our staff, our agents, and our leadership team, with strong support from our Board of Directors. This type of change does not happen by accident, and is recognition of long-term trends in a positive direction.”
According to a release from AM Best, one key aspect that influenced the analysts was the introduction of Farmers Alliance’s new strategic plan, FAMI Forward 2025. The AM Best analysts specifically noted the way the plan was created as a strength for Farmers Alliance, as it was developed with input from employees throughout the company, as well as agents and other key stakeholders. Lopata said, “This recognition of our efforts by AM Best certainly helps to reassure us that we are taking the right steps. It is especially nice to have the acknowledgement of our efforts by this respected and independent organization. We know we have a great plan, based on our past successes, and we’re so very excited about the future at Farmers Alliance.”
The full release from AM Best can be found at
More information about Farmers Alliance’s AM Best rating can be found at http://ratings.ambest.com/CompanyProfile.aspx?BL=0&ambnum=114&AltNum=517114&AltSrc=3