Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 14.1% of capital. Fair profitability index (3.4) with operating losses during 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.7%. Good long-term capitalization index (5.1) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (55.0%), farmowners (30.1%), personal/comm auto (6.9%), fire (3.3%), other (4.7%)
Licensed in:
IN, OH, PA
Principal Investments:
Investment grade bonds (53.6%), common stock (28.9%), non investment grade bonds (6.5%), real estate (1.3%), other (9.7%)
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
Largest Affiliates
No affiliate information available.