Old Elizabeth Mutl Fire Ins Co
Major Rating Factors:
Weak overall results on stability tests (0.8 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair profitability index (3.5) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -3.3%. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
(No states)
Principal Investments:
Common stock (92.6%), cash (7.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
257 Ealy Road
West Alexander, PA 15376
West Alexander, PA 15376
Phone Number
(724) 484-0839
NAIC Number
17531
Website
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Largest Affiliates
No affiliate information available.