AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned to these Credit Ratings (ratings) is stable. Collectively, these companies are referred to as Underwriting Entities. All companies are domiciled in Columbia, Missouri, unless otherwise specified and have an intercompany pooling agreement with MEM Mutual Insurance Company (formerly Missouri Employers Mutual and Previsor) and are reinsured affiliates of MEM Mutual Insurance Group.

The ratings reflect the balance sheet strength of MEM, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

MEM specializes in workers’ compensation insurance, particularly within the Midwest region. The Underwriting Entities are strategically important to the Group as MEM Protect, MEM Shield and MEM Secure were established as part of MEM’s ongoing strategic initiative, which transition from a public state-sponsored mutual insurance company to a private one, effective Jan. 1, 2025. Previsor has been a wholly owned subsidiary of MEM since its purchase in 2011. The transition will allow MEM to better serve its customers, as well as expand geographically and streamline operations. The Underwriting Entities will benefit from a 100% internal reinsurance agreement and from shared common management and operational capabilities with MEM.

Source: AM Best

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