Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.1) including excessive premium growth and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 9.7% of capital. Good profitability index (4.9). Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (35.6%), comm multi (27.6%), fire (22.5%), farmowners (2.4%), other (11.9%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (81.4%), cash (9.2%), other (9.4%)
Corporate Info
Group Affiliation
Millville Mutual Ins Co
Investment Rating
--
Company Address
215 South State Street
Millville, PA 17846
Millville, PA 17846
Phone Number
(570) 458-5517
NAIC Number
10811
Largest Affiliates