Insurox, Philadelphia Contributionship, The Philadelphia Contributionship

The Philadelphia Contributionship has Joined our Panel of Carriers

The Philadelphia Contributionship

In 1752, Benjamin Franklin joined a group of prominent citizens to establish what is now the oldest successful property and casualty insurance company in the country. He named the company The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. The “hand-in-hand” fire mark is our historic symbol.

An emblem of security, it appeared originally on houses that were insured by The Contributionship, and it signified that the firm commitment is  “protecting homes and the well-being of people who live in them.” Today, the four clasped hands stand as a testimony to their financial strength through two and a half tumultuous centuries. They also symbolize their enduring unity of purpose-to earn the trust and respect of their policyholders with responsive service, reliable products and coverage tailored to their needs.

Lines of Business

  • Home Insurance
  • Dwelling Fire Insurance
  • Flood Insurance
  • Inland Flood Coverage
  • Water Backup Coverage
  • Identity Theft Coverage
  • Umbrella Liability Insurance
  • Liberty Endorsement
  • Service Line Coverage
  • Blanket Jewelry Coverage
  • Equipment Breakdown Coverage
  • Functional Replacement Cost

Financial Stats

As of March 31, 2018

  • A. M. Best Rating: A (Excellent)
  • Financial Size Category: Class IX
  • Net Written Premium (Trailing 12 months): $131.2 million
  • Total Assets: $485.4 million
  • Policyholder Surplus: $279.9 million
  • Net Written Premium to Surplus Ratio: 0.47 to 1

About Insurox®

Insurox Group Inc, formally known as MG Services Agency, is a full-service insurance agency since 2004. Since then, Insurox protected the people of New Jersey with homeowners insurance, business insurance, automobile insurance, fire insurance and many other services. Insurox provides consumers with a smarter way to buy and manage insurance policies online. It helps people easily compare rates from numerous insurance carriers and then purchase an insurance policy within minutes. Insurox is a nationwide, online insurance agency that includes top insurance carriers on its platform such as Progressive, Travelers, Metlife, Mercury, as well as many others.

For more information visit https://www.insurox.com/about-insurox/corporate-information.