AM Best Revises Rating for IMT & Wadena Insurance Companies

None

AM Best has just announced that IMT Insurance Company and Wadena Insurance Company (collectively known as IMT Insurance Companies) was removed from under review with negative implications. The AM Best rating for IMT was affirmed with the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "A-" (Excellent).

This recent AM Best announcement underscores the positive momentum IMT has seen, primarily driven by the business decisions to restore stability.

Additionally, AM Best has assigned Eden Insurance Company a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "A-" (Excellent).This rating recognizes the strategic importance of Eden's long-standing relationships with farm mutuals in Iowa. 

IMT Insurance appreciates the confidence shown by AM Best with the ‘A-’ (Excellent) Financial Strength & Long-Term Issuer Credit ratings. The annual AM Best review for the collective group (known as IMT Insurance Companies) is anticipated to be held next April, where additional review and analysis of operating performance will be considered. 

AM Best is the only global credit rating agency with a unique focus on the insurance industry. AM Best's Credit Ratings, which are issued through AM Best Rating Services, Inc., are a recognized indicator of insurer financial strength and creditworthiness. Learn more at ambest.com.

If you are a member of the media seeking additional information, please contact media@imtins.com.

Copyright 2026 IMT Insurance

Related Articles

None

Greg Blythe Named IMT President & CEO

Effective July 10, 2025, the IMT Board of Directors appointed Greg Blythe as the company’s President and Chief Executive Officer. This decision followed a comprehensive and rigorous selection process led by the Board’s Nominating and Gover…
None

Industry Disruption Led to Moratoriums, Business Changes

The mission of IMT is to be financially stable so we can fulfill our promises to policyholders and partners. Beginning in 2020, the insurance industry (like so many) experienced rapid change and seismic disruption. The culmination of historic weathe…
None

Merger of IMT Mutual Holding Company and Eden Mutual

Effective April 1, 2024, a merger between Vinton, Iowa-based Eden Mutual Insurance Association (Eden Mutual) and IMT was realized. As a subsidiary of IMT Mutual Holding Company, Eden becomes Eden Insurance Company. IMT is a strong supporter of the F…
None

IMT Insurance Begins Phase One of New Business Opportunities

The insurance industry, especially regional insurance carriers like IMT Insurance, have experienced significant challenges the past few years that disrupted and impacted business. Factors like severe weather events, coverage changes by reinsurers, a…
None

Business Reset in State of Minnesota

In the time of continued challenge for the insurance industry, the evolving risk landscape in Minnesota has led IMT Insurance to reset business strategy in this state. IMT is focused on underwriting Commercial Lines casualty products, while pausing …
None

Climate Change + Increased Severity: What It Means for IMT

Founded in 1884, IMT was established by a farmer seeking to provide a way to help address the aftermath of windstorms. Our IMT name came directly from this historical tie to tornadoes. As our organization has grown and evolved over the subsequent ye…