Our financial stability
Mutual company with long track record
As the largest writer of workers’ compensation in the Midwest with a long track record of strong financial performance, we believe our record speaks for itself when it comes to our financial stability. As a mutual insurance company, we manage our business responsibly for the benefit of our policyholders. Through conservative investing and careful management, we consistently remain debt free.
AM Best Financial Strength Rating
SFM has received a Financial Strength Rating of “A- (Excellent)” and a Long-Term Issuer Credit Rating of “a-” from AM Best Rating Services, Inc.
2025 financial highlights
Our commitment to service excellence is reflected in our success. In 2025, we had a record number of former policyholders return to SFM.
We saw $28.4 million in new business premium – exceeding our yearly goal despite declining work comp rates and pressure from package carriers. SFM has surpassed $1 billion in assets.
We again had a combined ratio under 100, the 14th consecutive year of doing so. For additional information, email us.
