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News Release FOR IMMEDIATE RELEASE – FEBRUARY 2016 Contact: Lisa Hagenson Association Risk Management Services Federated Insurance Companies Phone: 507.455.5118 E-mail: [email protected]

A.M. BEST COMPANY® AFFIRMS FEDERATED INSURANCE’S A+ (SUPERIOR) RATING A.M. Best Company, the most widely recognized provider of insurance industry ratings and financial data, reaffirmed its A+ (Superior) rating for Federated Insurance in January 2016. A.M. Best Company analyzes the balance sheet strength, operational performance, and business profile of more than 3,500 companies worldwide every year to determine its ratings. The company’s assessment is a recognized benchmark for an insurer’s financial strength and ability to meet policyholder obligations. Senior financial analysts at A.M. Best Company states, “The ratings reflect Federated Mutual Group's superior risk-adjusted capitalization, historically solid operating profitability, and niche market profile, as evidenced by its focus on select industries and use of exclusive endorsements secured from state, regional, and national trade associations.” For the latest rating for Federated Insurance, access www.ambest.com.