Goodville Mutual Casualty Co
Major Rating Factors:
Strong long-term capitalization index (8.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall results on stability tests (6.6) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2023. Return on equity has been low, averaging 4.6% over the past five years.
Stability Factors:
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 (38.5%), homeowners (28.1%), farmowners (15.8%), comm multi (12.1%), fire (1.4%), work comp (1.1%), other (3.0%)
Licensed in:
DE, IL, IN, KS, OH, OK, PA, VA
Principal Investments:
Investment grade bonds (64.0%), common stock (18.8%), cash (5.8%), non investment grade bonds (5.3%), real estate (0.8%), preferred stock (0.4%), other (4.9%)
Corporate Info
Group Affiliation
Goodville Mutual Ins Group
Investment Rating
--
Company Address
625 West Main Street
New Holland, PA 17557
New Holland, PA 17557
Phone Number
(717) 354-4921
NAIC Number
14044
Website
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