Hamblen Mutl A Cnty Mutl Ins
Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 17.5% deficient. Fair profitability index (4.0) with operating losses during 2022, 2023 and 2024. Return on equity has been low, averaging 0.8% over the past five years. Weak overall results on stability tests (2.8) including weak risk diversification and negative cash flow from operations for 2024.
Other Rating Factors:
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. 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.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (58.5%), homeowners (36.9%), other (4.6%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (53.5%), common stock (38.3%), cash (2.0%), real estate (0.5%), other (5.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
110 North Cumberland Street
Morristown, TN 37814
Morristown, TN 37814
Phone Number
(423) 586-6041
NAIC Number
15982
Website
Largest Affiliates
No affiliate information available.