Sunshine State Insurance Company (SSIC) has again earned a Financial Stability Rating(r) (FSR) of A, Exceptional, from Demotech, Inc.
According to Demotech, this level of FSR is appropriate for
insurers which possess an “exceptional ability to maintain a positive
surplus as regards policyholders, maintain liquidity of invested assets,
quality reinsurance and acceptable financial leverage.”
FSRs summarize Demotech’s opinion as to the financial stability of an
insurer regardless of general economic conditions or the phase of the
underwriting cycle. FSRs utilize statutory financial data that is based
on insurance accounting principles prescribed or permitted by the
National Association of Insurance Commissioners (NAIC).
Source: Demotech, Inc.
Was this article valuable?
Here are more articles you may enjoy.