AM Best rating

AM Best issues ‘A’ rating, stable outlook for Grinnell Mutual

AM Best has affirmed an “A” (Excellent) Financial Strength Rating for Grinnell Mutual. The “A” rating and stable outlook for the future apply to both Grinnell Mutual Reinsurance Company and Grinnell Select Insurance Company (GSI). Grinnell Mutual has received a “A” rating since 1991.

“We are pleased to have AM Best affirm our “A” rating again” said Jeff Menary, Grinnell Mutual’s president and CEO. “This rating, which we have held for 30 years, demonstrates our financial strength and stability, even in the face of record losses from the August 2020 derecho. Grinnell Mutual’s mutual members, agents, and policyholders — and its employees — can all feel confident in our future.”

AM Best is a leading rating agency for assessing property-casualty companies’ financial stability.


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