Madison Mutual Ins Co (IL)
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.3) despite negative cash flow from operations for 2025. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.3) with operating losses during 2022 and 2023.
Other Rating Factors:
Fair liquidity (4.6) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (52.0%), personal/comm auto (43.2%), farmowners (3.2%), comm multi (0.8%), fire (0.6%), other (0.3%)
Licensed in:
IL, IN, MO, WI
Principal Investments:
Investment grade bonds (72.2%), common stock (23.2%), preferred stock (2.4%), non investment grade bonds (0.5%), other (1.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
222 East Park Street
Edwardsville, IL 62025
Edwardsville, IL 62025
Phone Number
(618) 656-3410
NAIC Number
14443
Website
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