Stonetrust Commercial Insurance Company, a workers’ compensation insurer based in Baton Rouge, has received an upgrade in its financial strength and credit ratings from AM Best. The rating was raised from A– (Excellent) to A (Excellent), signaling growing confidence in the company’s stability and performance.
Stonetrust provides workers’ compensation coverage to over 5,000 policyholders across Louisiana and eleven other states in the Midwest and Southeast. AM Best highlighted the company’s strong balance sheet and consistent operating success, noting that Stonetrust has reported positive income for five years in a row.
Michael G. Dileo, President of Stonetrust, expressed enthusiasm about the upgrade. He said it reflects the hard work of the team and supports the company’s focus on profitability. The rating boost comes shortly after Stonetrust earned the A– rating in 2022, and Dileo sees it as a sign of the company’s steady progress.
Looking ahead, Stonetrust plans to expand its workers’ compensation offerings into more states, building on the partnerships it has formed with agencies. The company remains committed to serving its client base with solid financial backing and reliable service.
This upgrade from AM Best is a strong vote of confidence in Stonetrust’s ability to manage risk and grow responsibly in the competitive insurance market.