Mutl Fire Ins Co of South Bend
Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 5.6% of capital. Fair profitability index (4.9) with small operating losses during 2021. 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 (7.0) that can protect against increases in claims costs. 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.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (80.0%), other (20.0%)
Licensed in:
PA
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
213 Market Street
Kittanning, PA 16201
Kittanning, PA 16201
Phone Number
(724) 793-7942
NAIC Number
17477
Website
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