Major Rating Factors:
A history of deficient reserves (1.9 on a scale of 0 to 10) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 20.8% and 46.5% deficient respectively. Weak profitability index (2.0) with operating losses during 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -8.5%. Good long-term capitalization index (6.5) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (64.3%), work comp (9.7%), personal/comm auto (8.2%), med mal (1.4%), fire (0.6%), homeowners (0.4%), other (15.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (78.3%), common stock (12.4%), real estate (0.5%), other (8.7%)
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