Bearing Midwest Casualty Co
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 (3.9) including excessive premium growth and negative cash flow from operations for 2024. Good overall profitability index (5.0). Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except AK, CA, CT, DC, DE, HI, MA, MD, ME, MI, ND, NH, NJ, NY, OH, PA, RI, VT, WA, WY
Principal Investments:
Investment grade bonds (78.1%), cash (17.9%), other (4.1%)
Corporate Info
Group Affiliation
Waypoint Mutual
Investment Rating
--
Company Address
1100 Walnut Street
Kansas City, MO 64106
Kansas City, MO 64106
Phone Number
(816) 474-7799
NAIC Number
14402
Website
Largest Affiliates