D
FREMONT INS CO
FremontMI
Data as of
June 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.8 on a scale of 0 to 10) including potential drain of affiliation with Auto Club Ins Assn. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good overall profitability index (5.6) despite operating losses during the first six months of 2022. Return on equity has been low, averaging 4.4% over the past five years. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (53.0%), homeowners (22.6%), comm multi (10.8%), farmowners (3.5%), work comp (3.2%), fire (0.2%), other (6.6%)
Licensed in: IN, IA, MI, WI
Principal Investments: Investment grade bonds (92.7%), real estate (0.9%), non investment grade bonds (0.7%), other (5.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Auto Club Ins Assn
Investment Rating
--
Company Address
933 E Main Street
FREMONT, MI 49412
Phone Number
(231) 924-0300
NAIC Number
13994
Largest Affiliates
B
DEARBORN, MI - P&C
C
Dearborn, MI - L&A
B
DEARBORN, MI - P&C
B
TAMPA, FL - P&C
C
DEARBORN, MI - P&C
Weiss Ratings