Demotech, the independent financial rating agency, has assigned a Financial Stability Rating® of A, Exceptional to MutualAid eXchange.
This level of rating is assigned to insurers that possess
- Exceptional financial stability related to maintaining positive surplus as regards policyholders,
- Liquidity of invested assets,
- Acceptable level of financial leverage,
- Reasonable loss and loss adjustment expense reserves, and
- Realistic pricing.
Financial Stability Ratings® (FSRs) are a leading indicator of an insurer’s financial stability. FSRs are based upon a series of quantitative ratios and considerations which together comprise Demotech’s Financial Stability Analysis Model. FSRs are accepted by several government-sponsored enterprises, including Fannie Mae, Freddie Mac and various programs of the United States Department of Housing and Urban Development (HUD), mortgage lenders, as well as a number of umbrella and agents errors and omissions insurance markets. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.