Brethren Mutual Ins Co
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.5) with operating losses during 2023.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (27.8%), personal/comm auto (22.6%), farmowners (18.9%), homeowners (18.8%), fire (0.6%), other (11.3%)
Licensed in:
DC, DE, MD, PA, VA
Principal Investments:
Investment grade bonds (61.7%), common stock (24.6%), preferred stock (1.2%), cash (0.4%), real estate (0.3%), non investment grade bonds (0.1%), other (11.6%)
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
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