Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020 and 2021. Return on equity has been low, averaging 3.4% over the past five years. Good overall results on stability tests (5.1) despite. Other stability subfactors include potentially strong support from affiliation with Everett Cash Mutual Ins Co, good operational trends, good risk adjusted capital for prior years and excellent risk diversification. 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.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
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