Select Risk Ins Co
Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite. Strengths include potential support from affiliation with Mutual Benefit Group. Fair profitability index (4.6) with operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (33.7%), work comp (27.8%), comm multi (21.8%), homeowners (14.6%), fire (0.3%), other (1.8%)
Licensed in:
MD, OH, PA
Principal Investments:
Investment grade bonds (86.2%), common stock (11.5%), cash (2.0%), other (0.4%)
Corporate Info
Group Affiliation
Mutual Benefit Group
Investment Rating
--
Company Address
409-411 Penn Street
Huntingdon, PA 16652
Huntingdon, PA 16652
Phone Number
(814) 643-3000
NAIC Number
17752
Largest Affiliates