Demotech Affirms the Financial Stability Rating® Assigned to Heritage Property & Casualty Insurance Company

Columbus, Ohio, November 14, 2017: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Heritage Property & Casualty 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 Heritage Property & Casualty Insurance Company

Heritage Property & Casualty Insurance Company (HPCIC) was formed in 2012 by a group of investors in response to the underserved property insurance market in Florida.  HPCIC was formally licensed in the state of Florida in 2012, and is headquartered in Clearwater, FL. HPCIC provides commercial residential insurance in Florida and homeowners insurance in Florida, North Carolina and South Carolina. It has grown its business by writing insurance in the voluntary market place, as well as participating in the de-population of Citizens Insurance Corporation.  HPCIC maintains an excellent financial strength position based on its strong capital base, carefully constructed catastrophe reinsurance program, conservative investment strategy and underwriting practices.

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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