Preferred Mutual Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (6.7). Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (40.2%), homeowners (36.0%), comm multi (18.7%), fire (1.1%), other (4.1%)
Licensed in:
CT, MA, NC, NH, NJ, NY, OH, PA, RI, SC
Principal Investments:
Investment grade bonds (79.8%), common stock (11.0%), non investment grade bonds (6.5%), real estate (0.5%), other (2.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Preferred Way
New Berlin, NY 13411
New Berlin, NY 13411
Phone Number
(607) 847-6161
NAIC Number
15024
Website
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