B
Security Mutual Ins Co
IthacaNY
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Capital
Net
Premiums
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Major Rating Factors: Good overall results on stability tests (6.8 on a scale of 0 to 10) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors: Excellent profitability index (8.3) with operating gains in each of the last five years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (68.6%), comm multi (24.1%), fire (3.1%), other (4.2%)
Licensed in: NY
Principal Investments: Investment grade bonds (79.1%), common stock (15.5%), real estate (0.3%), other (5.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
2417 North Triphammer Road
Ithaca, NY 14850
Phone Number
(607) 257-5000 5267
NAIC Number
15113
Largest Affiliates
No affiliate information available.