Demotech Affirms the Financial Stability Rating® Assigned to Mt. Morris Mutual Insurance Company

Columbus, Ohio, October 2, 2023: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Mt. Morris Mutual Insurance 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 Mt. Morris Mutual Insurance Company

Domiciled in Coloma, Wisconsin, Mt. Morris Mutual was organized on September 7, 1875, with the assistance of a Lutheran Minister and 12 farmers who each donated a dollar to start the Company. During the first 70 years of operation the Company wrote only fire coverage. In the 1950s and 1960s, coverages were expanded to windstorm and hail and special properties. In 1997, Mt. Morris requested and was granted 611 status expanding its market to all 72 counties in the state of Wisconsin. In 2004 non-assessability was obtained. June 16, 2008, Mt. Morris Mutual wrote its first automobile insurance policy.

As a multi-line carrier, Mt. Morris’s offerings consist of farmowner, homeowner, mobile homeowner, dwelling, farm fire (fire and extended coverage), commercial, personal auto, commercial auto and umbrella policies. The company currently is the 5th largest writer of farmowner insurance in Wisconsin and serves over 22,000 policyholders in the state.

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.  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.  Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 450 insurers operating in the US.  As of 7/11/2022, Demotech, Inc. is registered with the U.S. Securities and Exchange Commission (SEC) as a nationally recognized statistical rating organization (NRSRO) in the class of ratings for insurance companies.  Visit for additional information.

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