Demotech Affirms the Financial Stability Rating® Assigned to MAMIC Mutual Insurance Company

Columbus, Ohio, November 21, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to MAMIC Mutual 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 MAMIC Mutual Insurance Company

MAMIC Mutual Insurance Company was formed in 2003 by the member companies of the Missouri Association of Mutual Insurance Companies to provide Directors & Officers Liability to its member companies and Errors & Omissions coverage to agents who represent those companies.  The company is housed in the same office as the association in Sikeston, MO.  Reinsured by 25 Missouri companies, the company has been profitable every year of its existence.  The company emphasis is on slow growth and careful underwriting.

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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