A.M. Best affirms both Topa Insurance Company and Dorchester Insurance Company’s A- ratings
Topa Insurance Group is pleased to announce that A.M. Best has once again affirmed both Topa Insurance Company and Dorchester Insurance Company's A- ratings. According to A.M. Best, "The ratings reflect the group's solid capitalization, prudent loss reserving practices, and controlled distribution platform."
Topa Insurance Group's financial stability remains very strong and is further bolstered by the support from our parent, Topa Equities, Ltd. Our employees are dedicated to profitable results and increasing revenue while providing excellent service. In 2016, Topa Insurance Group’s insurance operations posted a 99.9% combined ratio and generated net income before tax of over $3.2 million, a 3.1 point improvement over 2015. In 2017, we expect to achieve a 99% combined ratio or better, while continuing to grow our core lines of business.
While I have always maintained a positive outlook on Topa, it is nice to have affirmation by A.M. Best for the hard work and good results achieved by our highly engaged workforce with the support of our loyal customer base. We are well-positioned in the market and our A- rating has been affirmed. I am excited about the future of Topa and look forward to your continued support. Please call me or any of our insurance professionals directly if you have any questions, comments or concerns.
John E. Donahue
President & CEO
Topa Insurance Group