Demotech Affirms the Financial Stability Rating® Assigned to Southern Mutual Church Insurance Company

Columbus, Ohio, December 21, 2021: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to Southern Mutual Church Insurance Company has been affirmed by 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 Southern Mutual Church Insurance Company

Southern Mutual Church Insurance Company (SMCI) is a leading multi-line insurer serving policyholders of many denominations and non-denominations of faith. SMCI was founded on the principals of “Savings, Service, and Security,” and has supported policyholders for more than 91 years. The company’s staff has helped churches from the coast to mountains in their greatest times of need. SMCI has arrived within hours of getting called, rapidly beginning the rebuilding process in the aftermath of fires, natural disasters and other causes of loss. The company’s policyholders show their loyalty with 97% policyholder retention. SMCI’s very first policyholder remains insured with them to this day. Headquartered in Columbia, SC, SMCI was founded in 1928 and insures more than 9,900 churches across the Southeast. Southern Mutual Church Insurance Company’s mission is to build long-term relationships with their church policyholders, business partners and employees through quality insurance products, trusted services and a caring business culture. Visit SMCI at

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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