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N.D. (NewsDakota.com) – Farmers Union Mutual Insurance Company (FUMI) has received an A+ issuer credit rating from the world’s oldest insurance rating and information source, A.M. Best.

A release from NDFU states that the new rating was based on the company’s “consistently favorable operating results, consistent surplus appreciation and favorable reserve development.

“This rating increase is the result of consistent and stellar efforts of all employees and agents of Farmers Union Insurance,” said Mark Anderson, general manager of FUMI. “It reflects Farmers Union’s commitment to building a strong insurance company that serves farm and ranch families, homeowners and businesses well. Our favorable underwriting results and the initiatives we’ve undertaken to maintain profitability helped us achieve this designation.”

FUMI has more than 100 insurance agents in communities across the state.