Demotech Affirms the Financial Stability Rating® Assigned to Gulfstream Property and Casualty Insurance Company

Columbus, Ohio, March 23, 2020: Demotech, Inc., the first company to review and rate independent, regional and specialty insurers, affirms the Financial Stability Rating® (FSR) of A, Exceptional, assigned to Gulfstream Property & Casualty Insurance Company (Gulfstream).

According to Joseph Petrelli, President and Co-founder, Demotech, “Although we review the public information associated with all carriers that we review and rate, we advise carriers that we have an obligation to review holding company and affiliated entity financials as we see fit.  The fine management team at Gulfstream invited us to do so to better understand how they had positioned themselves to address the myriad issues facing the residential property insurance markets in Florida.  Given the breadth and scope of their capability to honor their commitment to policyholders, we needed additional time to digest their additional information.”

“Gulfstream is an example of why a brief delay in rating affirmation should not be made into something bigger than it is.  The management team at Gulfstream has met or exceeded our financial metrics for the past several years.  Their enterprise risk management program, particularly the facets focused on litigation management and reinsurance purchasing, has been effective. With experienced personnel leading the key functional areas of claims, underwriting, marketing, reinsurance, loss and loss adjustment expense reserving and pricing, Gulfstream’s business model keeps them at the A level, despite increases in reinsurance costs anticipated in 2020, and Florida remaining on the American Tort Reform Foundation’s Watch List,” says Sharon M. Romano Petrelli, CPCU, AIAF, CCP, ARC, Vice President and Co-founder, Demotech.

Gulfstream CEO Ron Natherson added, “We are extremely appreciative of the opportunity to work so closely with our colleagues at Demotech, and for their acknowledgement and affirmation of our Financial Stability Rating® (FSR) of A, Exceptional. We continue to support the strategy of long-term, responsible growth in service to our many policyholders and agency partners.”

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.

About Gulfstream Property and Casualty Insurance Company

Founded in 2004, Gulfstream, a Sarasota, Florida based insurance company, provides homeowners’ insurance and related services to customers in Alabama, Florida, Louisiana, South Carolina and Texas. The company has consistently earned a Financial Stability Rating® (FSR) of “A Exceptional” by independent rating agency Demotech. For more information, please visit