Keystone Mutual Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.0). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 219.5% and 588.5% deficient. Weak profitability index (2.2) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -50.5%.
Other Rating Factors:
Weak overall results on stability tests (1.3) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 14.1% of capital. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
MO
Principal Investments:
Investment grade bonds (48.4%), common stock (22.1%), cash (5.8%), other (23.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
13537 Barrett Parkway Drive, Suite 345
Saint Louis, MO 63021
Saint Louis, MO 63021
Phone Number
(636) 549-3744
NAIC Number
13073
Website
Largest Affiliates
No affiliate information available.