OLDWICK, N.J., JANUARY 15, 2010
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit ratings of "a-" to New Mexico Assurance Company (NMAC), New Mexico Employers Assurance Company (NMEAC) and New Mexico Premier Insurance Company (NMPIC), following the recent state approval of a 100% quota share agreement between NMAC, NMEAC, NMPIC and their parent, New Mexico Mutual Casualty Company (NMMCC). The outlook assigned to all ratings is stable, and all companies are domiciled in Albuquerque, NM.

The ratings of NMMCC and its other subsidiaries were affirmed in March 2009 based on the consolidated group's solid capitalization, historically strong operating performance and its dominant market position in the New Mexico workers' compensation market, where it is able to maintain a strong policyholder retention rate.

For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit Best's Ratings & Analysis.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at Best's Credit Rating 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.