Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including excessive premium growth and fair risk adjusted capital in prior years. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. Good overall profitability index (5.3) despite operating losses during 2023.
Other Rating Factors:
Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Farmowners (76.5%), comm multi (10.8%), homeowners (10.2%), fire (2.0%), other (0.5%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (97.3%), cash (0.1%), other (2.6%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
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Company Address
10591 Lincoln Highway
Everett, PA 15537
Everett, PA 15537
Phone Number
(814) 652-6111
NAIC Number
17213
Website
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