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
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Weiss Ratings Northern Mutual Ins Co
Hancock, MI 		Click to
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Rating B
Capitalization Index 7.90
Investment Safety Index --
Liquidity Index 7.30
Profitability Index 4.70
Reserve Adequacy Index 5.70
Stability Index 5.30
Company Info Northern Mutual Ins Co
Hancock, MI 		Click to
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Industry P&C
NAIC Number 30376
Phone Number (906) 482-2880
Website www.northernmutual.biz
Address 201 Quincy Street Hancock, MI 49930
Balance Sheet Northern Mutual Ins Co
Hancock, MI 		Click to
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Total Assets 67.47M
Capital and Reserves Northern Mutual Ins Co
Hancock, MI 		Click to
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Risk-Adjusted Capital Ratio #1 2.50
Risk-Adjusted Capital Ratio #2 1.58
1-Year Reserve Development -330.00%
2-Year Reserve Development -320.00%
Capital 36.37M
Premium to Surplus 80.00%
Reserves to Surplus 20.00%
Investments Northern Mutual Ins Co
Hancock, MI 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Northern Mutual Ins Co
Hancock, MI 		Click to
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Medical Loss Ratio --
Cash From Underwriting 120.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 64.88%
Net Premium Growth 30.00%
Other Medical Northern Mutual Ins Co
Hancock, MI 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Northern Mutual Ins Co
Hancock, MI 		Click to
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Net Income -847.91K
Net Premium 15.02M
Health Premium --