Demotech Affirms the Financial Stability Rating® Assigned to First Community Insurance Company

Columbus, Ohio, September 4, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to First Community 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 First Community Insurance Company

First Community Insurance Company (FCIC) was formed in 1993 and is owned 50% by Bankers Insurance Company and  50% owned by Bankers Insurance Group, Inc. (BIG).  FCIC’s main lines of business include homeowners, dwelling fire, builders risk, business owners policy, flood insurance and bail bonds. They are licensed in Florida, Louisiana, North Carolina, South Carolina and Texas and serve the insurance needs of both residents and business owners. FCIC employs experienced professionals with an extensive understanding of the unique insurance challenges, while drawing on the nationwide resources of BIG.  To coordinate agency appointments, please call (727) 823-4000 Ext. 4900 or e-mail  For more information, visit

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.

# # #