Demotech Affirms the Financial Stability Rating® Assigned to Harbor Insurance Company

Columbus, Ohio, October 26, 2023: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Harbor 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 Harbor Insurance Company

Harbor Insurance Company is a wholly owned subsidiary of AHIC Acquisition Corporation. Harbor Insurance Company is organized under the laws of the State of Oklahoma as a stock property and casualty insurance company. The Company writes nonstandard automobile liability and physical damage coverage policies and motorcycle policies through over 500 Independent Insurance Agents. Harbor Insurance Company and Statewide General Agency are engaged in an exclusive Managing General Agency (MGA) agreement that allows the Agency to solicit and accept applications, issue and countersign policies, market the Company products throughout Oklahoma and collect and receive premiums in trust for the Company. Harbor Insurance Company also offers special risk auto coverage for individuals who may have had hardships regarding their driving experience.

Agency appointments can be coordinated by contacting Patrick Wilson at, Chuck Heath at or by calling (800) 777-3818. For further information, please visit

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. 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 450 insurers operating in the US. As of 7/11/2022, Demotech, Inc. 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 for additional information.

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