East Tennessee Mutual Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital. Fair profitability index (3.8) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -0.0%. 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:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (52.0%), homeowners (32.9%), other (15.1%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (64.0%), common stock (20.3%), cash (8.8%), real estate (0.8%), other (6.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3188 Highway 126
Blountville, TN 37617
Blountville, TN 37617
Phone Number
(423) 323-5361
NAIC Number
13651
Website
Largest Affiliates
No affiliate information available.