The Trusted Adviser
Sepember 2018 | Volume 11 · Number 7

NEWS:

ATG Maintains High Financial Stability Rating in 2018

Demotech, Inc., an independent financial analysis firm, has again affirmed the Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed for Attorneys' Title Guaranty Fund, Inc. (ATG) after a review of our second quarter 2018 statutory financial statement. This is the highest rating given to any regional title insurer in the United States, a status ATG has maintained since 1995.

"ATG is among only a few regional companies to obtain and maintain such a high rating," said Peter Birnbaum, ATG's President and CEO. "Our member agents can assure clients that they will receive the highest level of financial protection. Being on equal footing with some of the largest underwriters in the United States is an achievement we’re proud of. Our consistent and effective management practices along with a loyal customer base and low claims experience put us here.”

Demotech bases its decision on data that includes total current assets, total current liabilities, working capital, total revenue, receivables, administrative expenses, total assets, total liabilities, surplus, net income, total expenses and leverage ratios. They have six rating categories with only A Double Prime Unsurpassed higher than the rating accorded to ATG.

[Last update: 8-27-18]

Back to Issue