Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7).
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (10.0) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (67.1%), farmowners (26.1%), fire (6.9%)
Licensed in:
IA
Principal Investments:
Investment grade bonds (78.5%), cash (18.7%), real estate (0.8%), common stock (0.1%), other (1.8%)
Corporate Info
Group Affiliation
IMT Mutual Holding Co
Investment Rating
--
Company Address
301 N K Ave
Vinton, IA 52349
Vinton, IA 52349
Phone Number
(515) 453-0777
NAIC Number
15394
Website
Largest Affiliates