Eagle Point Mutual Ins Co
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2023. Weak overall results on stability tests (2.5) including weak results on operational trends and excessive premium growth. The largest net exposure for one risk is acceptable at 2.4% of capital. Good long-term capitalization index (6.8) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.9) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (48.4%), homeowners (41.9%), fire (2.8%), comm multi (0.2%), other (6.7%)
Licensed in:
WI
Principal Investments:
Common stock (72.0%), cash (14.1%), investment grade bonds (10.2%), preferred stock (1.6%), real estate (0.8%), other (1.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
23 West Central Street
Chippewa Falls, WI 54729
Chippewa Falls, WI 54729
Phone Number
(715) 723-9333
NAIC Number
11767
Website
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