CompSource Mutual's 'A' Rating Affirms Stability for Oklahoma Workers

OKLAHOMA CITY, OK – December 29, 2025 – CompSource Mutual Insurance Company, a cornerstone of Oklahoma's business landscape for over nine decades, has once again secured a Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook from AM Best. The affirmation from the world's preeminent insurance credit rating agency underscores the insurer's robust financial health and its capacity to protect Oklahoma's workforce.

The rating is a critical validation for the state's largest workers' compensation provider, reflecting AM Best's confidence in CompSource Mutual's operational performance, strong business profile, and sophisticated enterprise risk management. For Oklahoma's employers and their employees, this high-level rating provides tangible assurance that their insurance partner is built on a foundation of financial security.

"For more than 90 years, CompSource Mutual has protected Oklahoma workers by maintaining high standards of financial performance," said Trey Ingram, CEO of CompSource Mutual Insurance Company, in a statement. "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."

Beyond the Grade: What Drives 'Excellent' Financial Health?

An 'A (Excellent)' rating from AM Best is more than just a passing grade; it is a rigorous, data-driven assessment that places an insurer in the upper echelon of financial stability. AM Best, a global credit rating agency specializing exclusively in the insurance sector since 1899, assigns this rating to companies demonstrating an excellent ability to meet their ongoing insurance obligations, such as paying out claims. The accompanying "Stable" outlook suggests that AM Best anticipates this strong performance will continue, with a low likelihood of a rating change in the near to medium term.

The evaluation process is comprehensive, delving deep into the core financial and operational pillars of the company. A key factor in CompSource Mutual's rating is its balance sheet strength, which AM Best assesses as being in the "strongest" category based on its Best's Capital Adequacy Ratio (BCAR). This metric measures how well an insurer's available capital can absorb losses and support its insurance business, indicating that CompSource Mutual maintains a substantial financial cushion.

Furthermore, the company's operating performance was highlighted as a significant strength. Its five-year average return on revenue (RoR) and return on equity (RoE) compare favorably against the composite metrics of the broader workers' compensation industry. This demonstrates not just profitability, but a pattern of consistent and sustainable financial success derived from prudent underwriting and investment strategies. This disciplined approach is complemented by a robust enterprise risk management (ERM) framework, which ensures the company is effectively identifying, managing, and mitigating the complex risks inherent in the insurance business.

A Pillar of Stability in Oklahoma's Competitive Market

In Oklahoma, where workers' compensation insurance is mandatory for nearly all employers, the financial solvency of an insurer is not a trivial matter. It is the bedrock upon which workplace safety and employee security are built. CompSource Mutual's affirmed 'A' rating solidifies its position as a reliable pillar in a dynamic and competitive market. While it holds the title of the state's premier and largest workers' compensation provider, it operates alongside other national giants like The Hartford, which holds an A+ (Superior) rating, as well as agile competitors such as NEXT Insurance and Progressive Commercial.

This competitive environment makes financial strength a key differentiator. For Oklahoma businesses, from small family-owned shops to large industrial operations, choosing a provider is a critical decision. The rating provides a third-party, independent benchmark of reliability, assuring policyholders that the company has the long-term capital to cover claims for workplace injuries, which can sometimes span decades.

The Oklahoma Workers' Compensation Commission oversees a market designed to protect both employees and employers. An insurer's ability to navigate this regulatory landscape while maintaining financial discipline is paramount. According to industry analysts, a stable, highly-rated domestic carrier like CompSource Mutual contributes to overall market stability, helping to moderate premium fluctuations and ensure consistent coverage availability for businesses across the state. This reliability is particularly valued by business associations that partner with insurers to offer group plans to their members.

A 90-Year Legacy Forging Economic Resilience

The renewed rating is not an isolated achievement but the latest chapter in a story that began over 90 years ago. CompSource Mutual's long history is deeply intertwined with Oklahoma's economic development. By consistently maintaining its financial strength, as evidenced by repeated 'A' ratings from AM Best in recent years, the company has provided a continuous backstop for the state's most valuable asset: its people.

This long-term perspective is crucial in workers' compensation. An injury claim filed today may require medical care and wage replacement for years to come. Policyholders must have confidence that their insurer will be there to fulfill those obligations far into the future. CompSource Mutual’s enduring 'A' rating serves as a powerful signal of that long-term commitment. This history of financial prudence has allowed the company to weather economic downturns, legislative changes, and shifts in the labor market while continuing to serve Oklahoma businesses.

The company's deep roots in the state foster a unique understanding of the local business climate and the specific challenges faced by Oklahoma employers. This local focus, combined with the financial security validated by a global rating agency, creates a powerful value proposition. The stability of a major insurer like CompSource Mutual has a ripple effect, contributing to broader economic confidence. When businesses know they have a dependable partner for their mandatory insurance needs, they can focus more of their resources on growth, innovation, and job creation, strengthening the economic fabric of the entire state. The consistent high rating is a testament to a legacy of trust that has been earned over nearly a century of service.