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Financial Strength

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.

Demotech Rating

Demotech has assigned the rating of A Exceptional to SafePoint

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.

Audited SafePoint Insurance Company Balance Sheet

Category Year End 2020 Year End 2019 Year End 2018
Assets Cash and Invested Assets $77,952,741 $71,574,393 $109,510,615
Other Assets $41,677,426 $58,648,929 $46,459,188
Total Assets $119,630,167 $130,223,322 $155,969,803
Liabilities Unearned Premiums $13,668,243 $25,731,579 $30,474,900
Loss and LAE Reserves $42,692,322 $36,062,566 $46,593,865
Other Liabilities $22,907,580 $29,539,248 $33,333,961
Total Liabilities $79,268,145 $91,333,393 $110,402,726
Capital and Surplus Total Policyholder Surplus $40,362,022 $38,889,929 $45,567,077
Total Liabilities and Surplus $119,630,167 $130,223,322 $155,969,803

“Mike, you took the time to listen to our concerns, review our claim and work with us and the vendor to address all our issues. You explained in detail our coverage, broke down the payments and worked hard to get us all the coverage due. More than that, you always answered the phone, responded with answers timely and made us feel that you were in our corner for this we are sincerely grateful and a continued Safepoint client.”

Calvin M.
Insured

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