1A.M. Best has 13 active-company insurance company ratings and reflect the current and independent opinion of a company's ability to meet its obligations to policyholders, and are derived by evaluating a company's balance sheet strength, operating performance and business profile. The A.M. Best rating scale is A++ (Superior), A+ (Superior), A (Excellent), A-(Excellent), B++ (Very Good), B+ (Very Good), B (Adequate), B-(Adequate), C++ (Fair), C+ (Fair), C (Marginal), C-(Marginal) and D (Poor). A.M. Best's ratings are not a warranty of an insurer's current or future ability to meet obligations to policyholders, nor are they a recommendation of a specific policy, contract, rate or claim practice.
Farm Bureau Financial Services has been named for a second year to the “America’s Best Insurance Companies” ranking by Forbes. More than 15,000 insurance consumers in the United States were surveyed and out of the 3,300 companies considered, we made the list.
The survey considered customers’ overall recommendation, their general satisfaction, loyalty, and six subdimensions, including financial advice, customer service, price/performance ratio, transparency, digital services and damage/benefit ratio.
2023 America's Best Insurance Company Rankings
- #3 Term Life
- #21 Permanent Life
- #22 Auto
- #25 Homeowners
Ward’s 50 qualifying companies are selected for outstanding financial results in the areas of safety, consistency and performance over a five-year period. Farm Bureau Life Insurance Company has been named to the Life-Health Ward’s 50® list 22 times, most recently in 2021. Farm Bureau Property & Casualty Insurance Company has been recognized on the Property-Casualty Ward’s 50® list 7 years in a row, most recently in 2021.
A.M. Best ratings for insurance companies range from “A++” to “S.” A.M. Best indicates that A and A- (Excellent) ratings are assigned to those companies that, in A.M. Best’s opinion, have an excellent ability to meet their ongoing obligations to policyholders. Our companies have been rated by A.M. Best Company, Inc. (“A.M. Best”)1 for more than 50 years and have consistently earned Excellent ratings.
Farm Bureau Property & Casualty Group is among an elite group of insurers recognized by A.M. Best Review for consistently maintaining an A.M. Best Rating of A or higher for more than 75 years.