NC Grange Mutual Ins Co
Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -1.3%. Fair overall results on stability tests (4.3) including negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.1% of capital. Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
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:
Homeowners (87.5%), farmowners (7.6%), fire (3.4%), comm multi (0.4%), other (1.1%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (45.3%), common stock (34.0%), cash (5.8%), non investment grade bonds (4.2%), preferred stock (0.5%), other (10.2%)
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
Largest Affiliates
No affiliate information available.