Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of "b" of Farmers Mutual Insurance Company of Michigan (FMIBC) in Coldwater, Michigan.
The ratings reflect FMIBC's balance sheet strength, which A.M.
Some uncertainty exists in FMIBC's prospective operating performance due to improved results in 2017, which contrast sharply with historical patterns observed as recently as 2016.