Major Rating Factors:
Good liquidity (6.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Fair profitability index (4.9) with operating losses during 2023.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (40.9%), farmowners (35.4%), personal/comm auto (7.4%), homeowners (1.2%), work comp (0.6%), fire (0.3%), other (14.3%)
Licensed in:
AR, CO, GA, IA, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, NJ, NY, OH, PA, SC, SD, TN, TX, VA
Principal Investments:
Investment grade bonds (58.8%), common stock (33.4%), real estate (0.3%), other (7.5%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
--
Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
17043
Website
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