Demotech Affirms the Financial Stability Rating® Assigned to Universal North America Insurance Company


Columbus, Ohio, September 8, 2017: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Universal North America Insurance Company has been affirmed by 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 Universal North America Insurance Company

Universal Insurance Company of North America (UICNA) is a part of Universal Insurance Holdings of North America (Universal North America), a wholly owned subsidiary of Universal Group, Inc.  Universal North America currently serves 17 states, offering a variety of insurance products including Homeowners, Dwelling Fire, Condominium, Renters, Flood,  and Commercial insurance policies (not all products are available in every state).  UICNA is the unit of Universal North America that provides residential property coverage in Florida, South Carolina, North Carolina, and Texas.  For more information, visit www.universalnorthamerica.com.

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 www.demotech.com for more information.

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