B
Northern Mutual Ins Co
Hancock,  MI
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.50
Risk Adjusted
Capital Ratio #2
1.58
Loss
Ratio
64.88%
Total
Assets
67.47M
Capital
36.37M
Net
Premiums
15.02M
Net
Income
-847.91K
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,693
59
1,752
3.37%
23.31%
2023
1,303
36
1,339
2.69%
22.83%
2022
1,397
30
1,427
2.10%
23.10%
2021
1,213
40
1,253
3.19%
22.81%
2020
983
31
1,014
3.06%
21.51%
2019
1,235
31
1,266
2.45%
22.66%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
334
129
463
27.86%
39.58%
2023
415
136
551
24.68%
36.96%
2022
504
147
651
22.58%
37.07%
2021
333
157
490
32.04%
39.17%
2020
461
178
639
27.86%
35.42%
2019
735
163
898
18.15%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
3
1
4
25.00%
12.32%
2023
0
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
3
3
100.00%
20.93%
2019
3
2
5
40.00%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
117
6
123
4.88%
45.22%
2023
92
3
95
3.16%
44.64%
2022
116
5
121
4.13%
46.15%
2021
117
10
127
7.87%
46.87%
2020
124
2
126
1.59%
43.90%
2019
141
6
147
4.08%
42.09%