Mining Mutual Ins Co
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Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2022, 2023 and 2024. Fair overall results on stability tests (2.9) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.5% of capital.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (71.3%), common stock (2.8%), cash (2.1%), other (23.8%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
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Phone Number
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NAIC Number
17358
Website
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Largest Affiliates
No affiliate information available.