NC Grange Mutual Ins Co
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.1) despite excessive premium growth. Stability strengths include good operational trends, good risk adjusted capital for prior years and good risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (89.6%), farmowners (5.9%), fire (3.2%), comm multi (0.2%), other (1.1%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (51.0%), common stock (37.7%), cash (5.2%), non investment grade bonds (2.8%), preferred stock (0.4%), other (2.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2751 Patterson Street
Greensboro, NC 27407
Greensboro, NC 27407
Phone Number
(336) 294-5336
NAIC Number
16683
Website
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