Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2023. Fair overall results on stability tests (4.4) including. The largest net exposure for one risk is excessive at 6.5% of capital. Fair liquidity (5.0) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (54.2%), farmowners (30.5%), personal/comm auto (6.6%), fire (3.4%), other (5.3%)
Licensed in:
IN, OH, PA
Principal Investments:
Investment grade bonds (51.5%), common stock (25.7%), non investment grade bonds (5.6%), real estate (1.1%), other (16.1%)
Corporate Info
Group Affiliation
Mennonite Mutual Ins Co
Investment Rating
--
Company Address
1000 South Main Street
Orrville, OH 44667
Orrville, OH 44667
Phone Number
(330) 682-2986
NAIC Number
17299
Website
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