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.