E
Machinery Ins Inc
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
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Major Rating Factors: Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 37.0% of capital. Fair reserve development (5.0) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.2) with operating gains in each of the last five years. Return on equity has been low, averaging 4.3% over the past five years.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fin guar/surety (99.9%), other (0.1%)
Licensed in: (No states)
Principal Investments: Cash (52.5%), investment grade bonds (23.6%), common stock (20.2%), preferred stock (3.6%)
Ratios
Premium to Surplus
Reserve to Surplus
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
219 Newnan Street
Jacksonville, FL 32202
Phone Number
(904) 353-3181
NAIC Number
33502
Website
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Largest Affiliates
No affiliate information available.