Major Rating Factors:
Good overall profitability index (6.0 on a scale of 0 to 10) despite operating losses during 2021. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
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:
Comm multi (48.8%), personal/comm auto (39.1%), farmowners (9.7%), other (2.4%)
Licensed in:
GA, IN, KY, NC, OH, PA, TN, TX, VA
Principal Investments:
Investment grade bonds (68.6%), common stock (20.9%), other (10.5%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
--
Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
10750
Website
Largest Affiliates