Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Good long-term capitalization index (6.8) 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. Return on equity has been low, averaging 4.9% over the past five years.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
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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