SafePoint is proud to be rated favorably by leading independent rating organizations. These companies specialize in reviewing, analyzing and attesting to insurance companies’ financial security and their ability to deliver on promises made to policyholders.
This financial stability rating is an indication of an insurance company’s financial strength. According to Demotech, an A rating means Safepoint has an Exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels. For details, visit Demotech on-line here.
Kroll has assigned Safepoint a BBB+ rating. According to KBRA, a BBB rating means that the insurer’s financial condition is good and the entity is likely to meet its policyholder obligations.
|Category||June 30, 2023|
|Assets||Cash and Invested Assets||$67,643,817|
|Capital and Surplus||Total Policyholder Surplus||$53,504,139|
|Total Liabilities and Surplus||$132,137,115|