Demotech Assigns Financial Stability Rating® to Aspire General Insurance Company

Columbus, Ohio, February 16, 2022: Aspire General Insurance Company has earned a Financial Stability Rating® (FSR) of A, Exceptional, from 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.

Aspire General Insurance Company was assigned an FSR of A by Demotech in part due to its history of operating profitability and the resultant surplus growth.  In addition, the company has conservatively booked its loss & LAE reserves in order to consistently report favorable loss reserve development.  It also makes use of reinsurance as a way to protect its surplus, despite the potential of giving up additional profit.  This conservatism and favorable performance were keys to the assignment of the FSR.

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.

FSRs are reviewed on a quarterly basis.  Each quarter, we review the company’s filed statutory financial statement and follow up with the company on any questions we have, material changes in any metrics from previous periods, or areas of concern.  At year-end, we complete a review of the more in-depth annual statement, along with a review of items that are produced once a year, such as the Statement of Actuarial Opinion, Management’s Discussion and Analysis, Audit, and a summary of the company’s reinsurance information.  Once we ask any questions and review the responses, the FSR assigned to a company is revised or affirmed as appropriate and is noted with the date on the company’s page on our website.  The most current FSRs are available on

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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