Mountain States Comm Ins Co
Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Good profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.1% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NM
Principal Investments:
Investment grade bonds (65.5%), cash (32.6%), other (1.9%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
5051 Journal Center Boulevard, NE
Albuquerque, NM 87109
Albuquerque, NM 87109
Phone Number
(505) 764-1400
NAIC Number
15726
Website
Largest Affiliates