Demotech Affirms the Financial Stability Rating® Assigned to Associated Mutual Insurance Cooperative

Columbus, Ohio, March 29, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Associated Mutual Insurance Cooperative 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 Associated Mutual Insurance Cooperative

Associated Mutual Insurance Cooperative (AMIC) has been writing property and casualty insurance since 1913. AMIC was formed in response to the lack of insurance coverage for small farmers and lodging establishments in the Catskills region of New York. AMIC’s founding mission lives on today as the Company provides business owners and commercial multi-peril coverages to small businesses in New York as well as homeowners insurance to those seeking alternatives. AMIC is structured as a non-assessable, advance premium cooperative, so the Company is owned by its policyholders, and its mission is to serve its policyholders. AMIC is licensed and admitted in the State of New York, and has extended its longevity for over 100 years through disciplined underwriting and fair pricing. The Company also exercises conservative investment policies to safeguard reserves and policyholders surplus.

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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