Frederick, MD – April 2025 – Preferra Insurance Company Risk Retention Group (Preferra) proudly announces that AM Best has reaffirmed the company’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent). The outlook assigned to these ratings is stable, underscoring Preferra’s continued financial stability and operational excellence.
A.M. Best is the world’s largest, most authoritative and longest established company devoted to issuing financial strength ratings to insurance organizations. Its ratings reflect Preferra’s strong operating performance and financial stability.
“This reaffirmation further solidifies Preferra’s position as a trusted provider of liability insurance solutions for social workers, mental and behavioral health and human service professionals,” says Dr. Richard L. Jones, Preferra President.
A Commitment to Financial Strength
The reaffirmation of Preferra’s strong ratings highlights its ability to maintain robust financial health. Its strong operating performance is demonstrated through consistent profitability, superior underwriting results, and steady investment income. Over both five- and ten-year periods, Preferra RRG has outperformed the industry averages in commercial casualty insurance.
“AM Best’s Excellent rating confirms what we have known for some time —that Preferra is a premier insurance company. At the heart of Preferra is our relentless focus on doing what’s best for our policyholders,” says Tony Benedetto, Preferra CEO.
Further reinforcing its stability, Preferra maintains a well-structured enterprise risk management (ERM) framework, regularly reviewed by senior management and the board of directors. Its solid reinsurance programs with reputable partners, Swiss Re and Lloyd’s, provide an added layer of protection.
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About Preferra Insurance Company RRG
Preferra Insurance Company Risk Retention Group is a leading provider of liability insurance solutions built by social workers tailored to social workers, mental health, behavioral health and human service professionals. With a commitment to financial strength, superior service, and long-term stability, Preferra continues to be a trusted name in the industry.