Independent Mutual Fire Ins Co
Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and good risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Fair profitability index (4.4) with operating losses during 2021. Strong long-term capitalization index (7.7) 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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (54.7%), fire (29.7%), other (15.7%)
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 (71.3%), investment grade bonds (20.0%), cash (2.6%), non investment grade bonds (1.2%), other (5.0%)
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
There are no affiliate to display.