Once again, PLM has built upon its stable foundation as the largest mutual insurer dedicated to wood-related businesses in the U.S. We are proud to announce that we earned an A- (Excellent) rating with a stable outlook by A.M. Best Rating Services, Inc. PLM earned this rating due to its stability throughout the pandemic, dedication to customer service and financial strength.
An A- (Excellent) rating is an indication that the plans and programs that PLM has implemented are not only succeeding but are also building a strong future for the company and its clients. This rating was achieved due in part to a strong balance sheet, solid levels of risk adjusted capital, our reinsurance program, a high-quality investment portfolio and our enterprise risk management program.
An A- (Excellent) rating takes more than a strong strategic plan, it takes a community of hard-working team members dedicated to growth and to seizing opportunities. The unparalleled dedication of more than 150 PLM employees, and the many insureds who are committed to operating safe, smart businesses, are all important factors in being recognized with this rating.