AgSecurity Insurance Company Earns Financial Stability Rating® of A, Exceptional, from Demotech, Inc.
COLUMBUS, Ohio, Nov. 4, 2011 /PRNewswire/ -- AgSecurity Insurance Company has earned a Financial Stability Rating® (FSR) of A, Exceptional, from 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 AgSecurity Insurance Company
AgSecurity Insurance Company is the wholly owned subsidiary of the Oklahoma Farm Bureau Mutual Insurance Company (OFBMIC). AgSecurity primarily writes commercial lines of business and offers select personal policies to those who qualify. The principal lines of coverage include non-standard private passenger auto, commercial multiple peril and commercial auto. The assigned risk auto policies are written based on the premiums of companies and its parent, OFBMIC. This enables OFBMIC to maintain preferred rates for those who qualify. Insurance coverage is provided exclusively to more than 138,000 Oklahoma Farm Bureau, Inc. members and their dependents through a network of exclusive agents.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech has been serving the insurance industry by providing actuarial consulting and accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of a company. Our rating process provides an objective baseline and insight into the future solvency of a company. As an independent financial analysis firm, Demotech has a proven track record of predicting financial stability in the insurance industry and has been leveling the playing field by offering FSRs to insurers of all sizes.
Visit www.demotech.com for more information.
SOURCE Demotech, Inc.
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