Florida Family Insurance’s Unsurpassed A Prime Rating Reaffirmed by Demotech

Florida Family Insurance Company has been assigned an A Prime rating from Demotech Inc., continuing to demonstrate their financial strength and ability to meet claims-paying obligations to their policyholders.

Among the highest financially rated Florida homeowners companies, Florida Family’s risk management and financial strength have been consistent over time with steady, profitable growth and conservative investments. Proper catastrophe management is the company’s foundation, built on a reinsurance program placed with well-capitalized, A-rated companies.

According to Demotech, the rating of A Prime is awarded to companies demonstrating “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,” with the ability to maintain “an acceptable level of surplus regardless of the severity of a general economic downturn or deterioration in the insurance cycle.”

Demotech is a financial analysis firm serving the insurance industry since 1985, providing its Financial Stability Ratings to property & casualty and title insurance companies.