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 excessive premium growth. The largest net exposure for one risk is excessive at 5.2% of capital. Fair profitability index (3.5) with operating losses during 2021, 2022 and 2024. Good long-term capitalization index (5.1) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2024.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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 (80.0%), farmowners (20.0%)
Licensed in:
IA
Principal Investments:
Common stock (51.6%), investment grade bonds (36.4%), real estate (7.1%), cash (2.8%), other (2.1%)
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
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