B
ALFA MUTUAL INS CO
Rating Date
December 2023
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.70
Risk Adjusted
Capital Ratio #2
1.42
Loss
Ratio
78.80%
Total
Assets
1.60B
Capital
633.63M
Net
Premiums
710.49M
Net
Income
-16.52M
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Weiss Ratings ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Rating B
Capitalization Index 7.60
Investment Safety Index --
Liquidity Index 4.30
Profitability Index 4.50
Reserve Adequacy Index 8.30
Stability Index 4.90
Company Info ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Industry P&C
NAIC Number 19135
Phone Number (334) 613-4557
Website www.alfainsurance.com
Address 2108 East South Boulevard Montgomery, IL 36116
Balance Sheet ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Total Assets 1.60B
Capital and Reserves ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Risk-Adjusted Capital Ratio #1 1.70
Risk-Adjusted Capital Ratio #2 1.42
1-Year Reserve Development -1.90%
2-Year Reserve Development -6.00%
Capital 633.63M
Premium to Surplus 112.10%
Reserves to Surplus 44.30%
Investments ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 25.10%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Medical Loss Ratio --
Cash From Underwriting 102.00%
Combined Ratio 104.70%
Expense Ratio 25.90%
Loss Ratio 78.80%
Net Premium Growth 27.90%
Other Medical ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability ALFA MUTUAL INS CO
Montgomery, IL 		Click to
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Net Income -16.52M
Net Premium 710.49M
Health Premium --
Weiss Ratings