McMillan-Warner Mutual Ins Co
Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Weak overall results on stability tests (2.5) including weak risk diversification, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.1% of capital. Fair liquidity (4.7) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (40.4%), farmowners (39.6%), personal/comm auto (15.3%), comm multi (0.7%), other (4.0%)
Licensed in:
IL, WI
Principal Investments:
Investment grade bonds (70.7%), cash (12.1%), common stock (10.5%), non investment grade bonds (0.5%), real estate (0.2%), other (5.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2510 North Central Avenue
Marshfield, WI 54449
Marshfield, WI 54449
Phone Number
(715) 387-8454
NAIC Number
11036
Website
Largest Affiliates
No affiliate information available.