A.M. Best Announcement
Topa Insurance Group is pleased to announce that A.M. Best has 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 capital position remains very strong and is further bolstered by the support from our parent, Topa Equities, Ltd. Topa employees are fully committed to profitable results, increasing revenue and providing the very best service to our customers. In 2015, Topa Insurance Group posted a 103% combined ratio and generated net income before tax of over $2.1 million, an 8.5 point improvement over 2014. In 2016, we expect to achieve a 99% combined ratio or better, while continuing to grow our written premium.
My outlook for Topa remains positive. We have highly engaged employees working very hard every day, support from our ownership, and a strong commitment to our customers. Our capital position remains strong and our A- rating has been affirmed. I am eager and confident 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