Midwest Employers Casualty Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.6% over the past five years. Good liquidity (5.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.1) despite excessive premium growth. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (27.7%), other (72.3%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (93.3%), cash (0.4%), other (6.2%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
14755 North Outer 40 Drive
Chesterfield, MO 63017
Chesterfield, MO 63017
Phone Number
(636) 449-7000
NAIC Number
23612
Website
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