Demotech, Inc. Awards Steadily Insurance an 'A, Exceptional' Rating

Steadily Insurance Company, a provider focusing on landlord property insurance, has received a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. This marks a significant milestone as the company aims to expand its reach in the United States. Steadily, launched in 2020, has been recognized for delivering rapid, fair, and affordable insurance solutions for diverse real estate investors.

CEO Darren Nix emphasized the strategic importance of this development, underlining the company’s ambition to extend its offerings to 95% of U.S. landlords. With a $200M GWP run rate and consecutive years of profitable underwriting, Steadily is poised to consolidate its growth by becoming a risk-bearing entity.

This year, the company internalized its claims process, notably decreasing payment times by 55%. As Steadily continues to grow its MGA programs, its clientele will gain additional options.