Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020 and 2021. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) including. Strengths include potentially strong support from affiliation with Everett Cash Mutual Ins Co.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (52.0%), comm multi (37.9%), farmowners (8.2%), other (1.9%)
Licensed in:
GA, IN, KY, NC, OH, PA, TN, TX, VA
Principal Investments:
Investment grade bonds (74.0%), common stock (21.7%), other (4.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
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Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
10750
Website
Largest Affiliates