Demotech Affirms Financial Stability Rating® Assigned to Stewart Title Insurance Company
Columbus, Ohio, March 15, 2023: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to Stewart Title 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).
About Stewart Title Insurance Company
Stewart Title Insurance Company (STIC) is a full service, state-of-the-art Title insurance underwriter providing Title insurance and Title related services for all types of residential and commercial transactions. STIC issues its policies through over 300 Issuing Agents as well as over 30 Title, Escrow and Abstracting offices dedicated to serving individuals, businesses, attorneys, developers, lenders and realtors in all counties of New York State.
STIC is a wholly owned subsidiary of Stewart Title Guaranty Company, the leader in technological advances in the Title insurance industry, and one of the world’s largest Title insurance underwriters. STIC received its charter from the New York State Insurance Department in 1987, and began issuing Title insurance policies in New York during 1988. More information can be found at stewart.com. Subscribe to the Stewart blog at blog.stewart.com or follow Stewart on Twitter @stewarttitleco.
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 www.demotech.com for more information.