Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2022. Return on equity has been low, averaging 1.9% over the past five years. Fair overall results on stability tests (4.8) including. The largest net exposure for one risk is conservative at 1.3% of capital. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.7) 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:
Comm multi (76.8%), fire (8.1%), homeowners (5.7%), farmowners (1.0%), personal/comm auto (0.2%), other (8.3%)
Licensed in:
GA, IL, IN, KY, MI, MN, MO, NC, OH, PA, TN, VA, WI
Principal Investments:
Investment grade bonds (65.1%), common stock (16.9%), cash (11.7%), preferred stock (4.4%), non investment grade bonds (0.6%), other (1.4%)
Corporate Info
Group Affiliation
Mutual Capital Group Inc
Investment Rating
--
Company Address
41908 Route Six
Wyalusing, PA 18853
Wyalusing, PA 18853
Phone Number
(570) 746-1515
NAIC Number
12199
Website
Largest Affiliates