Demotech Affirms the Financial Stability Rating® Assigned to Wayne Cooperative Insurance Co

Columbus, Ohio, December 31, 2021: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to Wayne Cooperative 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 Wayne Cooperative Insurance Company

The Wayne Cooperative Insurance Company (Wayne) was originally formed in 1877 by the Wayne County Grange (NY) as the Fire Relief Association of Wayne County to provide fire insurance coverage for its farm members. Coverage was granted on an assessment basis with claims paid annually; all members were billed their pro-rata share of losses and expenses each fall and the company was run from the manager’s kitchen table. Since those humble beginnings, a permanent home office was located in Clyde, NY. Wayne still maintains its ties with the farming community by providing farmowner policies and has expanded into providing homeowner, mobile homeowner, landlord and commercial policies throughout Upstate NY. Directors and employees continue to uphold the company’s traditional tenants of “Mutuality”, “Dependability, “Responsiveness”, “Empathy” and “Conservatism”. Visit for additional information.

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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