C
CM Indemnity Ins Co
MerrillWI
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2024. Average return on equity over the last five years has been poor at -2.1%. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.8) including excessive premium growth and negative cash flow from operations for 2024.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Reinsurance (100.0%)
Licensed in: CA, CO, GA, LA, MO, NC, SD, TN, TX, WA, WI
Principal Investments: Investment grade bonds (98.4%), cash (0.6%), other (1.0%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Church Mutual Holding Co Inc
Investment Rating
--
Company Address
3000 Schuster Lane
Merrill, WI 54452
Phone Number
(715) 536-5577
NAIC Number
16646
Largest Affiliates
D
Merrill, WI - P&C
C
C
Mechanicsburg, PA - P&C