03/31/2022
FOR IMMEDIATE RELEASE
Florida Based National Consumer Title Insurance Upgraded By DemoTech
Tallahassee, FL (National Press Release – All Forums) March 30, 2022
National Consumer Title Insurance Company ("NCTI"), a Florida-based title insurance underwriter, is proud to announce that Demotech, Inc. has upgraded its assigned Financial Stability Rating ® ("FSR") to “A” Exceptional. HG Holdings, Inc (OCQB: STLY) acquired NCTI in July 2021, at which time NCTI had an “S” FSR from Demotech. This upgraded “A” rating is Demotech's highest FSR and is assigned only to title insurers that have demonstrated unsurpassed financial stability by maintaining and increasing positive surplus, liquidity, leverage, and reasonable loss and claims metrics.
"I am grateful Demotech recognized our commitment to this industry and leadership team in the form of the increased surplus and liquidity that HG Holdings, Inc. provided to NCTI. The rating upgrade represents a significant opportunity for our agents and banks to grow with us." Steve Hale, HG Holdings, Inc., and NCTI Chairman and Chief Executive Officer.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and ex*****on of their business model, rather than solely on financial size. Visit http://www.demotech.com for more information.
About HG Holdings, Inc.
HG Holdings, Inc., through its interest in HC Government Realty Trust, Inc. ("HC Realty"), owns and operates real estate properties in the United States. HC Realty holds and manages a portfolio of 24 single-tenant properties leased for occupancy by federal agencies, including the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration, and the Department of Transportation. The company was formerly known as Stanley Furniture Company, Inc. and changed its name to HG Holdings, Inc. in March 2018. HG Holdings, Inc. was incorporated in 1984 and is headquartered in Charlotte, North Carolina.
Media Contact:
Marketing Team
National Consumer Title Insurance Company
6265 Old Water Oak Road, Suite 204
Tallahassee, FL 32312
[email protected]
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