Hamblen Mutl A Cnty Mutl Ins
Major Rating Factors:
Fair reserve development (4.7 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 (4.7) with operating losses during 2022, 2023 and 2024. Weak overall results on stability tests (2.8) including weak risk diversification.
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 (9.6) 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.
Principal Lines of Business:
Fire (60.9%), homeowners (35.0%), other (4.2%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (65.7%), common stock (28.2%), cash (1.5%), real estate (0.5%), other (4.2%)
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
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