Demotech Affirms the Financial Stability Rating® Assigned to Forge Insurance Company
Columbus, Ohio, March 22, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Forge 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 Forge Insurance Company
Forge Insurance Company is a specialty commercial insurance carrier that focuses on helping business owners protect their vehicles and businesses. Based in the Washington, DC metropolitan area since 1938, Amalgamated insures vehicles and business owners across the United States. Amalgamated employees pride themselves on providing best-in-class products and customer service. Please visit www.forgeinsure.com for additional information.
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. Visit www.demotech.com for more information.
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