- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to United Heritage Property & Casualty Company
Demotech Affirms the Financial Stability Rating® Assigned to United Heritage Property & Casualty Company
Columbus, Ohio, December 14, 2020: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to United Heritage Property & Casualty 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 United Heritage Property & Casualty
United Heritage Property & Casualty Company traces its beginning back to April 21, 1908, when Canyon County Farmers Mutual Insurance Company began operations in Idaho. Today, United Heritage Property & Casualty offers personal lines, homeowners, farmowners, and automobile insurance as well as business owners insurance in Arizona, Idaho, Oregon, and Utah. Their products are sold through independent agents, duly appointed with United Heritage Property & Casualty Company.
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 www.demotech.com for more information.