PA Lumbermens Mutual Ins Co
Major Rating Factors:
A history of deficient reserves (1.7 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 24.7% and 47.1% deficient. Good long-term capitalization index (6.2) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (6.7).
Other Rating Factors:
Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fire (38.1%), personal/comm auto (25.3%), product liab. (4.6%), other (32.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (79.7%), common stock (4.8%), non investment grade bonds (2.6%), preferred stock (0.7%), cash (0.5%), other (11.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Commerce Square
Philadelphia, PA 19103
Philadelphia, PA 19103
Phone Number
(800) 752-1895
NAIC Number
14974
Website
Largest Affiliates
No affiliate information available.