Demotech Affirms the Financial Stability Rating® Assigned to Panhandle Farmers Mutual Insurance Company of WV

Columbus, Ohio, December 9, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Panhandle Farmers Mutual Insurance Company of WV 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 Panhandle Farmers Mutual Insurance Company of WV

Panhandle Farmers Mutual is a domestic farm mutual company that was formulated in 1898 by a group of local farmers. Originally the company writings were restricted to the local counties but around 1950 the company changed to writing business state wide. Panhandle’s product lines include Homeowners, Mobile Homeowners, Standard Fire, Commercial Fire and Business Owners Policies. The company’s ultimate accomplishment is to continue to provide a high level of customer service to their insured’s and agents. Panhandle Farmers Mutual’s financial position has never been brighter in the history of the 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.  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 400 insurers operating in the US.  Visit for additional information.

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