Major Rating Factors:
Good overall profitability index (5.3 on a scale of 0 to 10) despite operating losses during 2023. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Weak overall results on stability tests (2.6) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 12.2% of capital. Strengths include potentially strong support from affiliation with Everett Cash Mutual Ins Co.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Farmowners (77.0%), comm multi (10.4%), homeowners (9.9%), fire (2.0%), other (0.6%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (96.8%), cash (0.3%), other (2.9%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
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Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
17213
Website
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