Market Overview

A.M. Best Affirms Credit Ratings of Goodville Mutual Casualty Company; Withdraws Credit Ratings of German Mutual Insurance Company(OH)


A.M. Best has affirmed the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Rating of "a+" of Goodville
Mutual Casualty Company
(Goodville) (New Holland, PA) and German
Mutual Insurance Company(OH)
(German) (Napolean, OH), both members
of the Goodville Mutual Pool (The Pool). The outlook of these
Credit Ratings (ratings) is stable. Concurrently, A.M. Best has
withdrawn the ratings of German, as the company has requested to no
longer participate in A.M. Best's interactive rating process.

The ratings reflect the pool's balance sheet strength, which A.M. Best
categorizes as strongest, as well as the company's strong operating
performance, neutral business profile and appropriate enterprise risk

The pool's rating is supported by strong and consistent operating
profitability that has bolstered balance sheet strength. The favorable
operating performance is supported by the pool's strong underwriting
discipline, long-standing market presence, solid agency relationships
and conservative risk management efforts. As a result, the pool's
five-year average operating results compare favorably with composite
averages. In more recent years, the pool has begun to further diversify
geographically through organic growth initiatives.

Partially offsetting these positive rating factors is the pool's premium
geographic concentration focused primarily in personal lines writings in
Pennsylvania and Ohio, which exposes the pool to both regulatory and
event-driven risk.

This press release relates to Credit Ratings that have been published
on A.M. 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 A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

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