East Tennessee Mutual Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including excessive premium growth and weak risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. Good profitability index (5.0) with operating losses during 2022, 2023 and 2024. 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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (50.5%), homeowners (35.1%), other (14.4%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (60.5%), cash (6.2%), common stock (2.6%), non investment grade bonds (1.1%), real estate (0.6%), other (29.1%)
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
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