A.M. Best Upgrades Ratings of Producers Agriculture Insurance Group and Its Members

OLDWICK, N.J.--(Business Wire)--
A.M. BestCo. has upgraded the financial strength rating to A- (Excellent) from
B++ (Good) and issuer credit ratings to "a-" from "bbb" of Producers Agriculture
Insurance Group (ProAg) and its members, Producers Agriculture Insurance Company
and Producers Lloyds Insurance Company. Both companies are domiciled in
Amarillo, TX. All ratings have been removed from under review with developing
implications and assigned a stable outlook.

The rating actions reflect the closure of the acquisition of ProAg by CUNA
Mutual Investment Corporation (CMIC), a direct subsidiary of CUNA Mutual
Insurance Society, and the explicit support afforded by a quota share
reinsurance agreement with ProAg`s affiliate, CUMIS Insurance Society, Inc.
(CUMIS). Under this agreement, ProAg cedes 100% of its net written premiums,
after cessions to the Federal Crop Insurance Program and non-affiliated
reinsurers, to CUMIS.

The ratings also reflect ProAg`s historical operating profitability, its
established position in the multi-peril crop insurance market and its management
expertise in that area.

Partially offsetting these positive factors are ProAg`s 2009 operating results,
which reflect the adverse development of accident year 2008 reserves, and the
potential impact of integration issues on the group.

For Best`s Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any
additional methodologies and factors that may have been considered, can be found
at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating
organization dedicated to serving the financial and health care service
industries, including insurance companies, banks, hospitals and health care
system providers. For more information, visit www.ambest.com.

A.M. Best Company
Analysts:
Jennifer Marshall, 908-439-2200, ext. 5327
jennifer.marshall@ambest.com
or
Michael Lagomarsino, CFA, 908-439-2200, ext. 5810
michael.lagomarsino@ambest.com
or
Public Relations:
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com

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