Piedmont Mutual Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification. Good overall profitability index (5.2). Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (63.0%), fire (17.7%), comm multi (5.7%), farmowners (1.4%), other (12.2%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (46.7%), cash (32.0%), non investment grade bonds (4.3%), real estate (0.5%), common stock (0.5%), other (16.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1705 Davie Avenue
Statesville, NC 28677
Statesville, NC 28677
Phone Number
(704) 873-7461
NAIC Number
17335
Website
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