Oregon Mutual Ins Co
Major Rating Factors:
A history of deficient reserves (2.0 on a scale of 0 to 10) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 15.3% and 56.4% deficient respectively. Weak profitability index (2.4) with operating losses during 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -5.9%. Good long-term capitalization index (5.8) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Fair overall results on stability tests (3.7) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is acceptable at 2.5% of capital. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (37.1%), personal/comm auto (33.6%), farmowners (11.0%), fire (3.5%), product liab. (0.8%), other (14.0%)
Licensed in:
CA, ID, OR, WA
Principal Investments:
Investment grade bonds (66.8%), cash (10.7%), common stock (4.7%), other (17.8%)
Corporate Info
Group Affiliation
Oregon Mutual Ins Co
Investment Rating
--
Company Address
400 Northeast Baker Street
McMinnville, OR 97128
McMinnville, OR 97128
Phone Number
(503) 472-2141
NAIC Number
14907
Website
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