Brethren Mutual Ins Co
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Fair profitability index (4.3) with operating losses during 2023. 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.