Demotech Assigns Financial Stability Rating® to Center Mutual Insurance Company

Columbus, Ohio, July 6, 2022: Center Mutual Insurance Company has earned a Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, from 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 Center Mutual Insurance Company

Center Mutual Insurance Company was formed in 1917 by a group of North Dakota farmers seeking quality farm insurance at a reasonable price. The company continues to operate by the Mutual philosophy of focusing on its policyholders needs and providing the protection they desire at as reasonable a price as possible. Over the years, Center Mutual has expanded the coverages offered to include homeowners, private passenger auto, farm truck, and excess liability.  By maintaining disciplined underwriting and a conservative investment policy, Center Mutual has grown significantly and become financially stronger.

Center Mutual’s home office is located in Rugby, North Dakota and the company currently serves over 25,000 policyholders in North and South Dakota.

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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