B
Security Mutual Ins Co
Ithaca,  NY
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
5.70
Risk Adjusted
Capital Ratio #2
4.00
Loss
Ratio
44.75%
Total
Assets
151.52M
Capital
90.74M
Net
Premiums
50.12M
Net
Income
23.35K
My Lists My Alerts
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
77
84
161
52.17%
41.75%
2023
68
69
137
50.36%
38.64%
2022
80
60
140
42.86%
39.39%
2021
78
101
179
56.42%
40.41%
2020
99
74
173
42.77%
48.09%
2019
88
71
159
44.65%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
567
316
883
35.79%
39.58%
2023
477
320
797
40.15%
36.96%
2022
581
339
920
36.85%
37.07%
2021
715
484
1,199
40.37%
39.17%
2020
703
306
1,009
30.33%
35.42%
2019
855
482
1,337
36.05%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
0
0
0.00%
12.20%
2023
0
1
1
100.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
1
4
5
80.00%
20.93%
2019
5
3
8
37.50%
16.90%