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 and 2023. Average return on equity over the last five years has been poor at -8.5%. Good long-term capitalization index (6.6) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Good liquidity (6.6) 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