Bloomfield Mutual Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is acceptable at 2.0% of capital. Good overall profitability index (6.6) despite operating losses during 2021. 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 (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (62.5%), other (37.5%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (85.5%), common stock (12.1%), real estate (1.0%), cash (1.0%), 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
There are no affiliate to display.