Demotech Assigns Financial Stability Rating® to Harford Mutual Insurance Company

Columbus, Ohio, September 7, 2012: Harford Mutual Insurance Company has earned a Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, from Demotech, Inc.  This level of FSR is assigned to insurers who possess 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.

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 Harford Mutual Insurance Company

The Harford Mutual Insurance Company (HMIC) was incorporated in 1843. Firstline National Insurance Company was incorporated in 1988 as a wholly owned subsidiary of HMIC.  The Companies are domiciled in Maryland and primarily underwrite commercial property and liability insurance.

The Companies are also licensed in District of Columbia, North Carolina, Delaware, Virginia, Pennsylvania, Tennessee and New Jersey.  Through a network of independent agents, the major lines of business provided to policyholders are commercial multiple peril, workers’ compensation, commercial automobile, and business owners.  Visit for more 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.  This philosophy was the catalyst for the Demotech Company Classification System, which was developed and published in Insurance Journal, in order to stratify and categorize insurers into operational categories.  Visit for more information.

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