C
Mutual of Enumclaw Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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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 overall results on stability tests (5.6) despite negative cash flow from operations for 2024.
Other Rating Factors: 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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%)
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Investments in Affiliates
Corporate Info
Group Affiliation
Mutual of Enumclaw Ins Holding Co
Investment Rating
--
Company Address
1460 Wells Street
Enumclaw, WA 98022
Phone Number
(360) 825-2591
NAIC Number
14761
Largest Affiliates
C
Enumclaw, WA - P&C