Demotech Affirms the Financial Stability Rating® Assigned to American Property Insurance Company

Columbus, Ohio, November 7, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to American Property 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 American Property Insurance Company

APIC is a property-casualty insurance carrier focused upon the coverage needs of the small business commercial lines market segment which possesses a risk profile oriented towards the commercial property line of business.

The Company began its current underwriting operations in March, 2014 and offers standard Commercial Inland Marine, Commercial General Liability and Commercial Umbrella insurance products.  APIC distributes its policies exclusively through a select group of the leading New Jersey independent agencies located throughout the state.

The Company traces its roots back to July 1, 1956 when it was formed in the state of Georgia as the First of Georgia Fire and Casualty Company. Currently, APIC is a New Jersey domiciled carrier and is licensed for all lines of property casualty business in New Jersey and 19 other states.  The Company is headquartered in Eatontown, New Jersey

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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