Demotech Affirms the Financial Stability Rating® Assigned to Mutual Assurance Society of Virginia

Columbus, Ohio, November 21, 2019: The Financial Stability Rating® (FSR) of A” (A Double-Prime), Unsurpassed, assigned to Mutual Assurance Society of Virginia 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 Mutual Assurance Society of Virginia

The Mutual Assurance Society Against Fire on Buildings of the State of Virginia was founded on December 22, 1794 by an act of incorporation by the Virginia General Assembly.  On May 17, 1982 the members of the Society changed the name of the company to Mutual Assurance Society of Virginia (The Society).  The Society writes primarily homeowners insurance in Virginia, issuing single premium, annually assessable, perpetual policy.  Conservative underwriting guidelines are followed and all properties must be physically inspected before a policy is issued.  The Society is the oldest fire insurance company in Virginia and the third oldest mutual property and casualty insurance company in the United States.  Visit 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.  Visit for more information.

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