Fortuity Ins Co
Major Rating Factors:
Good overall profitability index (6.0 on a scale of 0 to 10) despite operating losses during 2023. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (38.2%), comm multi (27.8%), homeowners (12.2%), work comp (8.4%), fin guar/surety (2.7%), fire (0.6%), product liab. (0.4%), other (9.8%)
Licensed in:
AR, CO, IA, IL, IN, KS, KY, MI, MO, MS, NE, NM, NV, OH, PA, SC, TN, VA, VT, WI, WV, WY
Principal Investments:
Investment grade bonds (99.2%), cash (0.4%), other (0.4%)
Corporate Info
Group Affiliation
Frankenmuth Ins Co
Investment Rating
--
Company Address
One Mutual Avenue
Frankenmuth, MI 48787
Frankenmuth, MI 48787
Phone Number
(989) 652-6121
NAIC Number
10985
Website
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