Frankenmuth Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.9). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2023. Return on equity has been low, averaging 1.9% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (38.1%), comm multi (26.8%), homeowners (12.5%), work comp (8.4%), fin guar/surety (2.9%), fire (0.6%), product liab. (0.4%), other (10.3%)
Licensed in:
All states except AK, CA, HI
Principal Investments:
Investment grade bonds (59.8%), common stock (25.0%), real estate (1.1%), non investment grade bonds (0.3%), other (13.8%)
Corporate Info
Group Affiliation
Frankenmuth Ins Co
Investment Rating
--
Company Address
One Mutual Avenue
Frankenmuth, MI 48787
Frankenmuth, MI 48787
Phone Number
(989) 652-6121
NAIC Number
13986
Website
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