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. 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. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.6) with operating gains in each of the last five years. Superior liquidity (9.8) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (60.2%), fire (18.8%), comm multi (6.4%), farmowners (1.5%), other (13.2%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (46.5%), cash (34.3%), real estate (0.5%), common stock (0.5%), other (18.2%)
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
Largest Affiliates
No affiliate information available.