Independent Mutual Fire Ins Co
Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and good risk diversification. Fair profitability index (3.8) with operating losses during 2021 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.9%. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 (57.8%), fire (27.9%), other (14.3%)
Licensed in:
AL, GA, IA, IL, IN, KY, LA, MD, MI, MO, MS, NC, NE, NJ, OH, PA, SC, TN, TX, VA, WV
Principal Investments:
Common stock (74.0%), investment grade bonds (20.2%), cash (4.4%), non investment grade bonds (1.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
211 Schilling Circle
Hunt Valley, MD 21031
Hunt Valley, MD 21031
Phone Number
(443) 578-5708
NAIC Number
29831
Website
Largest Affiliates
No affiliate information available.