MFS Mutual Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.0% of capital. Good long-term capitalization index (6.0) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.1) with operating losses during 2020, 2021, 2022 and 2024. Average return on equity over the last five years has been poor at -8.4%.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Homeowners (68.9%), farmowners (31.1%)
Licensed in:
IA
Principal Investments:
Common stock (43.0%), investment grade bonds (30.7%), cash (10.8%), real estate (8.3%), other (7.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
365 West Burlington Avenue
Burlington, IA 52601
Burlington, IA 52601
Phone Number
(319) 752-0966
NAIC Number
27014
Website
Largest Affiliates
No affiliate information available.