A.M. Best Revises Outlook to Stable for Farm Bureau Town & Country Insurance Company of Missouri

Business Wire, May 20, 2008

OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Farm Bureau Town & Country Insurance Company of Missouri (Town & Country) (Jefferson City, MO).

The ratings reflect Town & Country's strong capitalization and historic local market presence as one of the leading providers of personal lines coverages in Missouri. These positive rating factors are partially offset by the company's historically fluctuating operating results due to its business concentration, which exposes its performance to weather-related losses, as well as to changes in the regulatory and legislative environment.

The outlook is based on Town & Country's generally improved risk-based capitalization over the past three years driven by improved underwriting standards, which enabled the company to post favorable operating results even during periods that witnessed heightened storm activity producing significant weather-related losses.

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