Brethren Mutual Ins Co
Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.3) with operating losses during 2023 and the first six months of 2025. Return on equity has been low, averaging 2.4% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (27.5%), personal/comm auto (22.3%), homeowners (19.3%), farmowners (19.2%), fire (0.6%), other (11.1%)
Licensed in:
DC, DE, MD, PA, VA
Principal Investments:
Investment grade bonds (62.8%), common stock (18.3%), preferred stock (1.2%), cash (0.5%), real estate (0.4%), non investment grade bonds (0.2%), other (16.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
149 North Edgewood Drive
Hagerstown, MD 21740
Hagerstown, MD 21740
Phone Number
(301) 739-0950
NAIC Number
13501
Website
Largest Affiliates
No affiliate information available.