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Financial InformationThrough conservative investing and careful management, SFM remains debt-free and a consistent market presence despite swings in the economy. SFM's financial highlights
2009 financial results
SFM's average claim costs continued to be significantly less than the industry average in 2009. Experience mods continued to improve overall for SFM policyholders. SFM policyholders reported fewer injuries, but those reported were more serious. Our claims experts managed them with impressive results in reponsiveness and cost control. While medical costs continued to rise sharply across the workers' compensation industry, in 2009 SFM held medical costs flat compared to the prior year. Additionally, SFM's recovery of nearly $1.8 million from at-fault third parties in 2009 was a record high. View full details in SFM's annual review AM Best ratingAM Best designates SFM as NR-5 (not formally followed). This means that SFM chooses not to purchase a financial rating from AM Best. With a strong track record of financial performance, SFM instead offers full disclosure of the financial results of the company. SFM retains outside firms to independently evaluate claim reserve adequacy and provide annual audits of financial statements. SFM also purchases reinsurance to protect against the risk of large losses. Request additional financial information via email
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