Page 14 - Frankenmuth Insurance 150 Years Anniversary Booklet

1968: Frankenmuth Mutual acquired the business of the Michigan Mutual Hail Insurance
Company of Lansing, to begin offering protection against crop damage.

1970–1975: Continuing to expand geographically, the company extended its operations to

Indiana, Ohio and Wisconsin.

Throughout the 1970s: The company was successful in its efforts to diversify the
business, as the increasing costs of repair parts, labor and medical fees negatively affected

the auto insurance portion of the company. By growing the property and commercial lines,

the company became stronger financially.

Making the grade in the 1980s and ’90s

The company’s emphasis on conservative underwriting practices and prudent financial

management paid off with increased growth, and an A+ “Superior” rating from A.M. Best
every year of the ’80s and ’90s. The company developed new products and expanded

commercial lines, with policies tailored to meet the needs of the burgeoning commercial
market.

Rave reviews kept coming, as multiple rating services gave the company the insurance
equivalent of “two enthusiastic thumbs up.” In 1991, Frankenmuth Mutual not only

maintained A.M. Best’s A+ rating, it was also recognized by Ward Financial Group as one
of the Top 50 property-casualty insurers in the United States (an honor the company has

earned 15 times), was given an A” (Double Prime — Unsurpassed) rating by Demotech,
Inc., and earned an A+ (Excellent) from Weiss Ratings, LLC.

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