Genesee Patrons Cooperative Insurance Company Earns Financial Stability Rating® of A’ (A Prime), Unsurpassed

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Genesee Patrons Cooperative Insurance Company earns a Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed.

Genesee Patrons Cooperative Insurance Company has earned a Financial Stability Rating® (FSR) of A’ (A prime), Unsurpassed, from Demotech, Inc. This level of FSR is appropriate for insurers who possess unsurpassed ability to maintain liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.

FSRs summarize Demotech’s opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of underwriting cycle. FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). For more than a decade, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace, including Fannie Mae, Freddie Mac and HUD.

Genesee Patrons Cooperative Insurance Company offers a variety of coverages tailor-made to meet the personal needs and situations of their policyholders across New York State. The Company is proud to have served the residents of New York for over 125 years. Genesee Patrons offers its policyholders quality insurance protection with fair and equitable loss settlement. Their mutual company is a member of the New York Insurance Association, a trade association established in 1882, which represents 80 mutual property and casualty insurance companies throughout New York State. Genesee Patrons is also a member of the National Association of Mutual Insurance Companies. This international association represents approximately 2,000 mutual insurance companies and associations throughout the world. Through the Underwriters Rating Board, the Company is able to offer credible, reliable and competitive rates to its members.

Agency appointments can be made by calling (800) 343-6496. For further information, please visit

About Demotech, Inc.

Since 1985, Demotech, Inc., a Columbus, Ohio based financial analysis and actuarial services firm, has been serving the insurance industry, providing a wide range of services including pricing analysis, state filings assistance, Financial Stability Ratings® and support for other required regulatory reporting. Having worked with insurers of all sizes, Demotech possesses broad experience addressing actuarial and financial analysis issues, whether the issue is unique to a particular insurer or faced throughout the industry. Demotech was the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac and HUD.

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Joseph Petrelli
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