2017 was a great year for the policyholders of Southern Mutual Church Insurance Company. We had an excellent combined ratio of 84%, strengthened our surplus by 17% and our policyholders demonstrated their loyalty with 97% retention. A.M. Best states they are a “leading provider of insurance ratings of a company’s financial strength and ability to meet its obligations to policyholders.” In June 2018, we were reaffirmed with an A.M. Best rating of A- Excellent with an upgrade from Stable Outlook to Positive Outlook. In addition, Demotech Inc. states, “Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings for Property & Casualty insurers.” In April 2018, Demotech upgraded our rating to A’ Prime Unsurpassed. Since 1928 we have served you, and we value our relationships with you. We know you personally. Our employees work and worship in communities across South Carolina, North Carolina, Georgia, Tennessee, Kentucky and coming in late 2018 to Virginia. We stand ready financially and operationally to be there when you need us.
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