Our financial stability

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 of “A- (Excellent)”

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.

Learn more about our AM Best rating

This company was issued a secure rating by the A.M. Best Company, click for additional details

 

DemoTech “A” rated

We also have an independent financial stability rating of “A” (Exceptional) from DemoTech, Inc.

Learn more about our DemoTech rating

Demotech, Inc. Financial Stability Rating of A - Exceptional

2024 financial highlights

It was another successful year for SFM in 2024. We proudly celebrated our 40th anniversary, had remarkable financial results despite headwinds, were named one of the top places to work by Minnesota’s largest newspaper, expanded our leadership team, and maintained our foundation of exemplary service.

Nothing underscores those strong results better than the many positive interactions we have with our trusted partners.

View 2024 annual review

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2024 SFM annual review