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 profitability index (5.6) despite operating losses during 2023. Good overall results on stability tests (5.5) despite excessive premium growth. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Other Rating Factors:
Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Farmowners (54.2%), homeowners (37.1%), fire (1.8%), other (7.0%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (64.7%), common stock (23.8%), preferred stock (5.6%), cash (4.0%), non investment grade bonds (1.7%), real estate (0.1%)
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
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