Mountain States Indemnity Co
Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Donegal Mutual Ins Co, good operational trends and excellent risk diversification. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.8) with operating losses during 2021 and 2022. Return on equity has been low, averaging 0.3% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (63.9%), personal/comm auto (12.9%), work comp (7.3%), fire (0.8%), other (15.0%)
Licensed in:
AZ, CO, MT, ND, NM, NV, SD, TX, UT, WY
Principal Investments:
Cash (43.5%), investment grade bonds (43.2%), common stock (11.6%), other (1.7%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
5051 Journal Center Boulevard, NE
Albuquerque, NM 87109
Albuquerque, NM 87109
Phone Number
(505) 764-1400
NAIC Number
10177
Website
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