Columbus, Ohio, December 31, 2021: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to De Smet Farm Mutual Insurance Company of South Dakota has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed 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 De Smet Farm Mutual Insurance Company of South Dakota
De Smet Farm Mutual Insurance Company of South Dakota has a long and consistent history of providing insurance coverage for the people of South Dakota. Formed by a small group of farmers in 1916, De Smet Farm Mutual has realized substantial growth over the years while providing coverage only within the state of South Dakota. Policyholder services include coverages for Farm, Ranch, Homeowners and Renters as well as Farm and Personal Liability. De Smet Farm Mutual formed a subsidiary in 1991, De Smet Insurance Company of South Dakota, to offer automobile coverage to its members for the convenience of having auto and property insurance in one place. Visit https://desmetfarmmutual.com/ for more information.
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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