Major Rating Factors:
A history of deficient reserves (1.2 on a scale of 0 to 10) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 20.8% and 76.8%. Fair profitability index (3.2) with operating losses during 2022 and 2023. Good long-term capitalization index (6.8) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Comm multi (68.0%), personal/comm auto (8.6%), work comp (7.9%), homeowners (0.6%), med mal (0.2%), other (14.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (75.2%), common stock (13.1%), cash (1.3%), real estate (0.5%), other (10.0%)
Corporate Info
Group Affiliation
Church Mutual Holding Co Inc
Investment Rating
--
Company Address
3000 Schuster Lane
Merrill, WI 54452
Merrill, WI 54452
Phone Number
(715) 536-5577
NAIC Number
18767
Website
Largest Affiliates