B
Mutual Benefit Ins Co
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2,817
1,000
3,817
26.20%
23.31%
2023
2,808
858
3,666
23.40%
22.83%
2022
2,719
807
3,526
22.89%
23.10%
2021
3,202
1,035
4,237
24.43%
22.81%
2020
3,230
1,039
4,269
24.34%
21.51%
2019
4,470
1,504
5,974
25.18%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
361
254
615
41.30%
47.45%
2023
293
220
513
42.88%
47.29%
2022
360
209
569
36.73%
45.44%
2021
459
232
691
33.57%
44.40%
2020
403
249
652
38.19%
42.45%
2019
591
307
898
34.19%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
350
309
659
46.89%
41.74%
2023
405
264
669
39.46%
38.64%
2022
375
288
663
43.44%
39.39%
2021
450
363
813
44.65%
40.41%
2020
450
548
998
54.91%
48.09%
2019
682
397
1,079
36.79%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
649
519
1,168
44.43%
39.58%
2023
825
496
1,321
37.55%
36.96%
2022
758
489
1,247
39.21%
37.07%
2021
993
642
1,635
39.27%
39.17%
2020
1,117
692
1,809
38.25%
35.42%
2019
1,276
852
2,128
40.04%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
6
9
15
60.00%
12.32%
2023
4
4
8
50.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
8
4
12
33.33%
18.93%
2020
4
4
8
50.00%
20.93%
2019
10
2
12
16.67%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
755
570
1,325
43.02%
45.22%
2023
782
485
1,267
38.28%
44.64%
2022
687
447
1,134
39.42%
46.15%
2021
902
530
1,432
37.01%
46.87%
2020
904
586
1,490
39.33%
43.90%
2019
1,498
757
2,255
33.57%
42.09%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
223
69
292
23.63%
35.33%
2023
297
108
405
26.67%
35.67%
2022
332
126
458
27.51%
37.14%
2021
442
168
610
27.54%
35.46%
2020
381
118
499
23.65%
33.86%
2019
561
167
728
22.94%
34.01%