Michelle Chesney Inc
Major Rating Factors:
Good overall profitability index (6.8 on a scale of 0 to 10) with small operating losses during 2022. Return on equity has been fair, averaging 9.3% over the past five years. Good liquidity (6.6) 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.
Other Rating Factors:
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. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (40.2%), comm multi (29.5%), work comp (14.1%), homeowners (9.8%), fire (0.2%), other (6.2%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (95.3%), cash (2.0%), non investment grade bonds (0.8%), other (2.0%)
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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