Mutual Benefit Ins Co
Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent overall results on stability tests (7.0). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (3.8) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -0.8%.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (39.6%), comm multi (25.8%), homeowners (17.9%), work comp (11.3%), fire (0.3%), other (5.2%)
Licensed in:
MD, OH, PA
Principal Investments:
Investment grade bonds (73.8%), common stock (19.9%), real estate (2.6%), other (3.8%)
Corporate Info
Group Affiliation
Mutual Benefit Group
Investment Rating
--
Company Address
409-411 Penn Street
Huntingdon, PA 16652
Huntingdon, PA 16652
Phone Number
(814) 643-3003
NAIC Number
14664
Largest Affiliates