ELCO Mutual News

ELCO Earns AM Best Rating Increase

Posted by Bill Bruce on Jun 23, 2021 1:01:15 PM

We are pleased to announce that AM Best, the world’s most tenured insurance rating agency, has upgraded ELCO Mutual’s financial strength rating from a B to B+.


Despite last year’s challenges, ELCO found opportunities to evolve. During the pandemic, we expanded our portfolio, enhanced our technology, and grew our staff. As a result, ELCO thrived during this economic uncertainty.


This rating increase would not have been possible without our hard-working staff and agents. They continued to strive for excellence and adapted to the changes set forth by COVID-19. Our continued goal is to be a financially strong partner that our policyholders and agents can depend on.


According to CEO David Bruce, “Our effort to improve is ever-evolving. It is imperative that we continue to improve for the betterment of our policyholders.”


We look forward to building a better future together.

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Topics: Life Insurance, News, Financial Strength Rating, AM Best