Mountain States Indemnity Co
Major Rating Factors:
Good overall results on stability tests (5.0 on a scale of 0 to 10) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2021 and 2022. Return on equity has been low, averaging 0.3% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (63.9%), personal/comm auto (12.9%), work comp (7.3%), fire (0.8%), other (15.0%)
Licensed in:
AZ, CO, MT, ND, NM, NV, SD, TX, UT, WY
Principal Investments:
Cash (43.5%), investment grade bonds (43.2%), common stock (11.6%), other (1.7%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
5051 Journal Center Boulevard, NE
Albuquerque, NM 87109
Albuquerque, NM 87109
Phone Number
(505) 764-1400
NAIC Number
10177
Website
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