Employers Mutual Casualty Co
Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.4) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 4.0% over the past five years. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (29.9%), work comp (11.5%), fire (7.7%), comm multi (3.6%), product liab. (3.5%), fin guar/surety (2.3%), other (41.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (50.7%), common stock (32.1%), real estate (1.6%), preferred stock (1.1%), non investment grade bonds (0.2%), other (14.2%)
Corporate Info
Group Affiliation
Employers Mutual Casualty Co
Investment Rating
--
Company Address
717 Mulberry Street
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(515) 280-2511
NAIC Number
21415
Website
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