CompSource Mutual's 'A' Rating Affirmed by AM Best, Citing Financial Strength

OKLAHOMA CITY, OK – December 29, 2025 – CompSource Mutual Insurance Company, a cornerstone of Oklahoma's business community for over nine decades, has once again secured a top-tier financial rating, reinforcing its position as a stable and reliable partner for workers' compensation insurance.

Global credit rating agency AM Best has affirmed CompSource Mutual's Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook. The announcement, made today, confirms the insurer's robust financial health and its capacity to meet its obligations to policyholders. For Oklahoma businesses that depend on CompSource Mutual to protect their most valuable asset—their employees—the rating provides a renewed layer of confidence and security.

AM Best is widely regarded as the preeminent rating agency for the insurance industry. Its independent, third-party opinions are a critical benchmark for measuring an insurer's financial stability and long-term viability. The affirmation of the 'A' rating is not a routine matter; it follows a rigorous evaluation of the company's performance and risk management practices.

Pillars of Financial Stability

According to AM Best, the renewed rating is a reflection of its continued confidence in several key areas of CompSource Mutual's operations. The agency highlighted the insurer's strong operating performance, its well-defined business profile within the Oklahoma market, and its comprehensive enterprise risk management (ERM) framework.

Three core factors underpinned the decision:

• Balance Sheet Strength: AM Best's analysis concluded that CompSource Mutual's balance sheet strength is in the "strongest" category, as measured by its Best's Capital Adequacy Ratio (BCAR). This crucial metric indicates that the company holds more than sufficient capital to absorb potential losses and navigate economic volatility. Furthermore, AM Best expects this capital position to remain at the strongest level for the near future.

• Operating Performance: The company has demonstrated a consistent ability to generate positive results. Its five-year average return on revenue (RoR) and return on equity (RoE) were noted as comparing favorably to the composite metrics of the broader workers' compensation insurance sector. This sustained performance showcases disciplined underwriting and effective management.

• Stable Outlook: The "Stable" outlook signals AM Best's belief that CompSource Mutual is well-positioned to maintain its strong financial footing. The agency anticipates that the company will continue its prudent operational strategies, preserving its overall balance sheet strength and ability to serve its clients effectively.

A Ninety-Year Legacy of Protecting Oklahomans

For over 90 years, CompSource Mutual has been exclusively dedicated to serving the Oklahoma business community. This deep-rooted focus has allowed the company to cultivate unparalleled expertise in the state's specific economic landscape and the needs of its workforce.

In response to the rating affirmation, CompSource Mutual's CEO, Trey Ingram, emphasized the company's enduring mission. "For more than 90 years, CompSource Mutual has protected Oklahoma workers by maintaining high standards of financial performance," Ingram stated. "These ratings reflect our longstanding commitment to financial stability, strength and security. We are proud to continue our tradition of being an AM Best A rated company."

This commitment is about more than just numbers on a balance sheet. It translates into tangible benefits for policyholders, including reliable claims processing, superior customer service, and innovative solutions designed to promote workplace safety and reduce risks. As a mutual insurance company, CompSource is owned by its policyholders, which aligns its interests directly with the businesses it serves. This structure fosters a partnership approach, where the company's success is intrinsically linked to the well-being and prosperity of its clients.

As Oklahoma's premier provider of workers' compensation insurance, the affirmation from AM Best serves as a powerful testament to CompSource Mutual's unwavering dedication to its founding principles. In an ever-changing economic environment, this mark of excellence confirms that the company remains a steadfast and dependable source of protection for Oklahoma's businesses and their people.