Employers Mutual Casualty Co
Major Rating Factors:
Strong long-term capitalization index (7.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.5) despite operating losses during 2022 and 2023. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (30.8%), work comp (10.9%), fire (7.3%), product liab. (4.5%), comm multi (3.5%), fin guar/surety (2.8%), other (40.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (57.1%), common stock (31.3%), real estate (1.5%), preferred stock (0.7%), non investment grade bonds (0.4%), other (9.0%)
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
(800) 447-2295
NAIC Number
21415
Website
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