|
Alliance Mutual Finance
The year 2003 was a very favorable year for Alliance
Mutual Insurance Company, even with a catastrophic hurricane
event in September. Our industry rating maintained an A’ (A prime), as measured
by Demotech. This rating may be reviewed on Demotech’s web site by using the link below.
In a very competitive marketplace, our agency force has been very supportive and committed. Without their partnership we would not have the success we have seen. Our customers and associates have been a positive influence, not only on the company, but within their communities.
The following is a brief look at our 2003 results ($000. Omitted).
- Net Admitted Assets $13,691
- Liabilities $6,871
- Policyholder surplus $6,820
- Losses/LAE $3,687
- Net Income $171
DemoTech Inc. Rating
Alliance Mutual has a rating of A' (A Prime). Please click on the Demotech Rating Logo for more information.
A' = Regardless of the severity of a general economic downturn or deterioration in the insurance cycle, insurers earning a Financial Stability Rating® of A' (A prime) possess Unsurpassed financial stability related to maintaining positive surplus as regards policyholders. |
