Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 19.5% deficient. Weak profitability index (2.6) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -10.2%. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.6) despite negative cash flow from operations for 2024. 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.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (43.4%), homeowners (29.8%), farmowners (11.0%), comm multi (8.9%), fire (1.1%), other (5.6%)
Licensed in:
AK, AZ, CO, ID, MT, ND, NM, NV, OR, SD, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (74.9%), common stock (20.7%), real estate (0.6%), cash (0.4%), non investment grade bonds (0.3%), other (3.1%)
Corporate Info
Group Affiliation
Mutual of Enumclaw Ins Holding Co
Investment Rating
--
Company Address
1460 Wells Street
Enumclaw, WA 98022
Enumclaw, WA 98022
Phone Number
(360) 825-2591
NAIC Number
14761
Website
Largest Affiliates