Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite operating losses during 2023. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.7) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (43.0%), farmowners (33.5%), personal/comm auto (7.2%), homeowners (1.2%), work comp (0.6%), fire (0.3%), other (14.3%)
Licensed in:
AR, CO, GA, IA, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, NJ, NY, OH, PA, SC, SD, TN, TX, VA
Principal Investments:
Investment grade bonds (58.4%), common stock (36.2%), real estate (0.3%), other (5.1%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
--
Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
17043
Website
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