Frontier - Mt Carroll Mutl Ins
Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.5) despite. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Fair profitability index (4.4) with operating losses during 2023. Return on equity has been low, averaging 2.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (57.1%), homeowners (33.2%), fire (2.0%), other (7.8%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (68.6%), common stock (15.9%), cash (11.8%), non investment grade bonds (3.3%), real estate (0.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
312 North Main Street
Mount Carroll, IL 61053
Mount Carroll, IL 61053
Phone Number
(217) 732-8222
NAIC Number
26735
Website
Largest Affiliates
No affiliate information available.