Demotech Completes Review of Third Quarter Title Underwriter Data

Columbus, Ohio, November 28, 2012: Demotech, Inc. has affirmed the Financial Stability Ratings® (FSRs) assigned to most Title underwriters based on a review of third quarter 2012 statutory financial data.  In addition to the affirmations, please note the following:

  • The FSR assigned to Attorneys Title Guaranty Fund, Inc. (CO) remains under review.
  • The FSR assigned to First American Title Insurance Company of Oregon (NAIC # 50504) was withdrawn as a result of the company merging into First American Title Insurance Company (NAIC # 50814) effective October 31, 2012.

Douglas A. Powell, Senior Financial Analyst, stated, “Aggregate underwriting results were positive, making this the third consecutive quarter the industry has reported a net underwriting gain on a year-to-date basis. Thirty-two Title underwriters reported a net underwriting gain through the third quarter 2012, while only 11 Title underwriters reported a net underwriting loss.  The profitability of Title underwriter operations is encouraging.  Moreover, Title underwriters as a whole continue to maintain adequate levels of policyholders’ surplus while increasing direct premiums written period over period.”

FSRs are a leading indicator of the financial stability of Title underwriters and present Demotech’s opinion of the ability of an insurer to meet its insurance related obligations based upon an assessment of financial information.  FSRs are not an endorsement of any particular insurer or its products.  Insureds and agents need to independently evaluate their relationship with a particular insurer as well as the applicability of that insurer’s products to the needs of the insured or agent.

Visit for a complete list of the FSRs assigned to Title underwriters.

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 Title underwriters and Property & Casualty insurers.  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.  Visit for more information.