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AM Best Revises Outlooks to Positive for Members of Celina Insurance Group

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AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of The Celina Mutual Insurance Company, Miami Mutual Insurance Company, The National Mutual Insurance Company, and its affiliate, West Virginia Farmers Mutual Insurance Association (Clarksburg, WV), which are members of the Celina Insurance Group (Celina). All companies are domiciled in Celina, OH unless otherwise specified.

The Credit Ratings (ratings) reflect Celina’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

The outlook revisions to positive reflect the group’s recent strategic initiatives that have enhanced its business profile. These efforts focus on product and geographic diversification, pricing sophistication, and data analytics to better manage risk exposure and contribute to profitable growth. Celina recognizes the importance of innovation, as the group leverages technology to improve operating results and the customer experience. Over the past several years, Celina has enhanced its product and geographic diversification with growth focused on commercial and farm business.

AM Best expects the group’s balance sheet strength to remain very strong, supported by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Celina’s adequate operating performance has benefited from management’s strategic initiatives to reduce property exposure, despite moderate volatility associated with weather-related events. The group maintains an appropriate ERM program that establishes qualitative and quantitative tolerance standards for key risks.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Maurice Thomas
Senior Financial Analyst

+1 908 439 2200, ext. 5794

Michelle Baurkot
+1 908 439 2200, ext. 5314

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644

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