Demotech Affirms the Financial Stability Rating® Assigned to Patrons Mutual Fire Insurance Company of Indiana, PA


Columbus, Ohio, July 20, 2020: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to People’s Trust 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 People’s Trust Insurance Company

With People’s Trust, you get more than a home insurance policy—you get a full partner to manage the restoration of your home in the event of a covered loss. With more than 500 employees in their family of companies, including an affiliation with the Rapid Response Team – Florida’s largest insurance restoration general contractor – People’s Trust is a full partner in recovery. At the heart of the Company’s innovative approach is a commitment to being Florida’s best-prepared home insurance company with both the physical assets and financial resources to be there when a policyholder needs them most. Upfront investments in personnel, supplies and equipment, along with Rapid Response Team, provide policyholders with a seamless, no-hassle claims service featuring 24/7 emergency response and satisfaction-guaranteed, quality repairs. People’s Trust Insurance Company’s unique approach saves policyholders money and speeds recovery after a loss, so they can get their lives back to normal fast.

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.  Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US.  Visit www.demotech.com for additional information.

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