Major Rating Factors:
Strong long-term capitalization index (7.2 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 profitability index (8.4) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (42.3%), personal/comm auto (26.7%), work comp (7.1%), fire (2.6%), product liab. (0.7%), other (20.5%)
Licensed in:
All states except AK, AL, CT, DC, DE, FL, HI, LA, MA, MD, ME, MS, NH, NJ, NM, NV, RI, SC, TX, UT, VT, WV
Principal Investments:
Investment grade bonds (82.8%), common stock (5.9%), non investment grade bonds (2.3%), real estate (1.6%), preferred stock (0.8%), other (6.6%)
Corporate Info
Group Affiliation
Michigan Millers Mutual Ins Co
Investment Rating
--
Company Address
2425 East Grand River Avenue
Lansing, MI 48912
Lansing, MI 48912
Phone Number
(517) 482-6211
NAIC Number
14508
Website
Largest Affiliates