Demotech Affirms the Financial Stability Rating® Assigned to Genesee Patrons Cooperative Insurance Company

Columbus, Ohio, December 22, 2016: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to Genesee Patrons Cooperative Insurance Company has been affirmed by Demotech, Inc.  This level of FSR is assigned to insurers who possess unsurpassed 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 Genesee Patrons Cooperative Insurance Company

Genesee Patrons Cooperative Insurance Company offers a variety of coverages tailor-made to meet the personal needs and situations of their policyholders across New York State.  The Company is proud to have served the residents of New York for over 137 years.  Genesee Patrons offers its policyholders quality insurance protection with fair and equitable loss settlement.  Genesee Patrons is a member of the New York Insurance Association, a trade association established in 1882, representing mutual property and casualty insurance companies throughout New York State.  Genesee Patrons is also a member of the National Association of Mutual Insurance Companies.  This international association represents approximately 2,000 mutual insurance companies and associations throughout the world.  Through the Underwriters Rating Board, the Company is able to offer credible, reliable and competitive rates to its members.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.  Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters.  FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer.  Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size.  Visit for more information.

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