Michelle Chesney Inc
Major Rating Factors:
Good liquidity (6.3 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 (5.8) despite. The largest net exposure for one risk is high at 3.8% of capital. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (7.2) with small operating losses during 2022.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (38.2%), comm multi (32.3%), work comp (12.9%), homeowners (9.6%), fire (0.2%), other (6.7%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (93.8%), cash (4.1%), non investment grade bonds (0.9%), other (1.3%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1700 East Beltline NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(888) 606-6426
NAIC Number
10857
Website
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