Bloomfield Mutual Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including. The largest net exposure for one risk is conservative at 1.9% of capital. Good overall profitability index (5.6) despite operating losses during 2021. Return on equity has been low, averaging 4.7% over the past five years. 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.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (62.6%), other (37.4%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (84.8%), common stock (12.4%), real estate (1.3%), cash (1.1%), non investment grade bonds (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1012 Highway 63 South
Spring Valley, MN 55975
Spring Valley, MN 55975
Phone Number
(507) 346-7351
NAIC Number
10949
Website
Largest Affiliates
No affiliate information available.