Sentry rated A+ for 28th consecutive year

Metro Wire Staff

After concluding its annual review in May, A.M. Best has assigned Sentry Insurance an A+ (Superior) rating. It’s the 28th consecutive year Sentry has received the rating.

The rating confirms Sentry’s financial strength and superior ability to pay its customers’ future claims, according to a news release from Sentry.

“We appreciate the recognition of an A+ rating from A.M. Best for the 28th straight year,” said Todd Schroeder, Sentry’s CFO and President of Life & Annuities. “The exclusivity and longevity of this rating reflect the hard work of all our associates and retirees.”

Less than 15 percent of U.S.-based property and casualty insurance companies earn the A+ rating—and even fewer have achieved it for more than a quarter-century, according to the rating agency.

A.M. Best is the insurance industry’s leading rating authority, and in support of its A+ rating, points to Sentry’s balance sheet strength, which achieves the rating authority’s highest ranking of “strongest” for risk-adjusted capitalization.

Also recognized were Sentry’s consistent underwriting and favorable levels of investment income, well-diversified business mix, strong management team, and enterprise risk management processes that assist in meeting corporate profitability and preservation of capital goals.