AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA) (Little Rock, AR). The Credit Ratings (ratings) were initially placed under review with negative implications on Sept. 14, 2023, following considerable deterioration in policyholders’ surplus and other key balance sheet str