Select Risk Ins Co
Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite. Strengths include potentially strong support from affiliation with Mutual Benefit Group. Fair profitability index (4.1) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.0% over the past five years. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (33.9%), work comp (30.1%), comm multi (19.8%), homeowners (14.1%), fire (0.3%), other (1.9%)
Licensed in:
MD, OH, PA
Principal Investments:
Investment grade bonds (85.4%), common stock (12.3%), cash (1.2%), other (1.1%)
Corporate Info
Group Affiliation
Mutual Benefit Group
Investment Rating
--
Company Address
409-411 Penn Street
Huntingdon, PA 16652
Huntingdon, PA 16652
Phone Number
(814) 643-3000
NAIC Number
17752
Largest Affiliates