Machinery Ins Inc
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 46.9% of capital. Good overall profitability index (5.0). 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.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. 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.
Principal Lines of Business:
Fin guar/surety (99.9%), other (0.1%)
Licensed in:
(No states)
Principal Investments:
Cash (56.3%), common stock (22.1%), investment grade bonds (18.3%), preferred stock (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
219 Newnan Street
Jacksonville, FL 32202
Jacksonville, FL 32202
Phone Number
(904) 353-3181
NAIC Number
33502
Website
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Largest Affiliates
There are no affiliate to display.