Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including excessive premium growth. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.6% over the past five years. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (44.3%), personal/comm auto (43.2%), fire (4.9%), other (7.6%)
Licensed in:
AK, AZ, CO, ID, MT, ND, NM, NV, OR, SD, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (78.9%), other (21.1%)
Corporate Info
Group Affiliation
Mutual of Enumclaw Ins Holding Co
Investment Rating
--
Company Address
1460 Wells Street
Enumclaw, WA 98022
Enumclaw, WA 98022
Phone Number
(360) 825-2591
NAIC Number
11232
Website
Largest Affiliates