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Effective March 2017
According to A.M. Best, these rating actions are based on Penn Mutual's:
A M. Best’s Financial Strength Rating (FSR) is an opinion of an insurer’s ability to meet its obligations to policyholders. A.M. Best uses letter grades ranging from A++, the highest, to F, companies in liquidation. Rating modifiers and affiliation codes may also be associated with these ratings.
Penn Mutual's A+ (Superior) rating, which was affirmed in March 2017, ranks the second highest out of 16 ratings.