- Financial Stability Rating® Notifications
- Kentucky Growers Insurance Company, Inc. Earns Financial Stability Rating® of A, Exceptional, from Demotech, Inc.
Kentucky Growers Insurance Company, Inc. Earns Financial Stability Rating® of A, Exceptional, from Demotech, Inc.
Columbus, Ohio, August 31, 2012: Kentucky Growers Insurance Company, Inc. has earned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Kentucky Growers Insurance Company, Inc.
Kentucky Growers Insurance Company is a mutual insurance company organized in October 1896 and operating under Chapter 299 (Assessment or Cooperative Insurance) of the Kentucky Insurance Law and Regulations. Kentucky Growers is a property and casualty insurance company that insures homes and farms located in rural and suburban Kentucky. Policies are serviced by independent agents in over one hundred counties. The Home Office is located at 139 Market Street, Lexington, KY. Please visit us at www.kentuckygrowers.com for more information.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech has been serving the insurance industry by providing actuarial consulting and accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of a company. Our rating process provides an objective baseline and insight into the future solvency of a company. As an independent financial analysis firm, Demotech has a proven track record of predicting financial stability in the insurance industry and has been leveling the playing field by offering FSRs to insurers of all sizes.
Visit www.demotech.com for more information.
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