Demotech Affirms the Financial Stability Rating^® Assigned to Cherokee Guarantee Company Inc., RRG

Columbus, Ohio, September 27, 2024: The Financial Stability Rating^® (FSR) of A, Exceptional, assigned to Cherokee Guarantee Company Inc., RRG 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 Cherokee Guarantee Company Inc., RRG

Cherokee Guarantee Company Inc., RRG (CGCRRG) commenced operations on 9/1/2012 to transact business as a risk retention group. CGCRRG provides professional liability coverage to Apogee Physician Groups. Apogee Physicians, managing over 1,000 Hospitalists in 26 states, is the largest physician-owned and operated Hospitalist group in the nation. Their Hospitalists continue to produce superior clinical results that translate into strong ROI for our hospital partners. Apogee’s solid track record of success is rooted in its one guiding principle: What’s best for the Patient is best for the Practice. This mantra is a key thread in Apogee’s cultural fabric and reinforced in everything they do.

About Demotech, Inc.

Established in 1985, Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Demotech has served the insurance industry by providing objective and independent Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies, Life & Health insurance companies, and Title underwriters, among others. As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac, and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes. As of July 11, 2022, Demotech 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 www.demotech.com for additional information.

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