AM Best Revises Texas Farm Bureau Outlook to Stable
AM Best affirmed the Financial Strength Rating of B++ (Good) for members of Texas Farm Bureau Insurance Group, with its outlook now stable.
Updated on Nov. 10, 2026 in Insurance
AM Best revised the Long-Term Issuer Credit Rating outlook for Texas Farm Bureau Insurance Group to stable from negative and affirmed its Financial Strength Rating of B++ (Good). The group's member companies are domiciled in Waco, Texas.
Why it matters
The outlook revision reflects improvement in the group's recent operating performance, after severe weather, inflation, higher reinsurance costs and rising total loss severity had challenged profitability. For Texas policyholders, a stable rating signals that the group's financial position is considered steady by the ratings agency.
AM Best rated the group's balance sheet strength as strong, its operating performance as marginal and its business profile as neutral. The extraction does not quantify the underwriting improvement beyond describing it as material since the second half of 2025.
The players
AM Best
AM Best is a credit rating agency specializing in the insurance industry, known for its Financial Strength and Long-Term Issuer Credit ratings.
Texas Farm Bureau Insurance Group
Texas Farm Bureau Insurance Group is a group of affiliated insurers headquartered in Waco, Texas, and a leading personal lines writer in the state.
The details
Three member companies are included in the rating action: Texas Farm Bureau Casualty Insurance Company, Farm Bureau County Mutual Insurance Company of Texas, and the group's other affiliated entities. Management initiatives including rate increases and underwriting refinement, together with improved reinsurance market conditions, drove the improvement.
Timeline
Second half of 2025: underwriting profitability began materially improving.
First nine months of 2026: underwriting profitability continued improving materially.
November 10, 2026: AM Best's rating action was published.
Market Landscape
Texas is a major personal lines insurance market, and Texas Farm Bureau Insurance Group is a leading writer there. Its outlook revision places it among insurers adjusting to elevated severe weather losses and higher reinsurance costs across the state.
Policyholders of Texas Farm Bureau companies may see steadier pricing and service as the group's underwriting results improve. A stable outlook suggests the insurer's financial position is considered less at risk of near-term downgrade.
The takeaway
A stable outlook from AM Best is a useful signal when comparing insurers, since it reflects recent operating improvement rather than a single strong year. Policyholders can review rating outlooks alongside pricing when choosing coverage.
Further reading
Explore more on Insurance coverage and ratings across the state.
Source note: This article includes information reported by Ambest.
