PURE’s Financial Strength
Today, PURE serves a membership of more than 100,000 responsible individuals and families and has grown annual premiums to more than $2 billion.
The backing of Tokio Marine
Tokio Marine Holdings, Inc., the parent company of PURE’s holding company, Privilege Underwriters, Inc., gives PURE’s balance sheet a tremendous lift with access to more capital.
Tokio Marine Holdings, Inc. manages $202 billion in total assets (as of year end March 2024 on a consolidated basis) and consists of 250+ subsidiaries and 26 affiliates located in 46 countries and regions worldwide. PURE and its affiliates benefit from access to resources and expertise that stem from this partnership and from the relationships with other companies within the Tokio Marine Group.
Other factors that contribute to PURE's financial strength
Selective Underwriting
PURE takes a very disciplined approach to underwriting, aiming to bring only the most responsible owners of the finest built homes into the membership. Despite the rising cost of claims, this selective approach continues to benefit the overall membership.
Selective Underwriting
PURE takes a very disciplined approach to underwriting, aiming to bring only the most responsible owners of the finest built homes into the membership. Despite the rising cost of claims, this selective approach continues to benefit the overall membership.
Growth
PURE has grown by around 15% or more in each year since inception in 2006 and has grown annual premiums to more than $2 billion.
Growth
PURE has grown by around 15% or more in each year since inception in 2006 and has grown annual premiums to more than $2 billion.
Subscriber Savings Accounts
$118 million have been allocated to these accounts to date. These funds stay on the company balance sheet and help increase financial strength while allowing the membership to participate in the company’s success.
Subscriber Savings Accounts
$118 million have been allocated to these accounts to date. These funds stay on the company balance sheet and help increase financial strength while allowing the membership to participate in the company’s success.
Surplus Contributions
Members are required to contribute surplus (capital), in addition to paying premiums, for their first five years of membership. These funds, calculated as a small percentage of a member's premium, help to build PURE's policyholder surplus, which reduces the need for additional capital, and helps lower the cost of insurance in the long run.
Surplus Contributions
Members are required to contribute surplus (capital), in addition to paying premiums, for their first five years of membership. These funds, calculated as a small percentage of a member's premium, help to build PURE's policyholder surplus, which reduces the need for additional capital, and helps lower the cost of insurance in the long run.
Investments
PURE's portfolio consists primarily of short-duration, high-credit-quality, fixed income assets and is focused on protecting and growing investment assets to support the ongoing insurance operations of the reciprocal.
Investments
PURE's portfolio consists primarily of short-duration, high-credit-quality, fixed income assets and is focused on protecting and growing investment assets to support the ongoing insurance operations of the reciprocal.
Report to Members
We publish an annual report to members in the spirit of transparency. It provides an in-depth view of company financials, highlights the benefits of membership and tells the stories of PURE members.
Read the report
