Panhandle Farmers Mutl Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is acceptable at 2.5% of capital. Fair profitability index (4.9) with operating losses during 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (78.3%), fire (14.1%), other (7.7%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (64.5%), common stock (23.8%), cash (3.8%), real estate (0.9%), other (7.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3727 Waynesburg Pike Road
Moundsville, WV 26041
Moundsville, WV 26041
Phone Number
(304) 845-2649
NAIC Number
10904
Website
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