Madison Mutual Ins Co (IL)
Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -1.9%. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.3) despite. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (50.6%), homeowners (46.0%), farmowners (2.5%), fire (0.5%), comm multi (0.1%), other (0.3%)
Licensed in:
IL, IN, MO, WI
Principal Investments:
Investment grade bonds (67.3%), common stock (23.5%), cash (4.0%), preferred stock (2.4%), other (2.8%)
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
Largest Affiliates
No affiliate information available.