Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.6). Excellent expense controls. Good overall results on stability tests (5.2) despite excessive premium growth and fair risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with Everett Cash Mutual Ins Co, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (7.6) 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.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (66.0%), personal/comm auto (9.9%), farmowners (1.0%), other (23.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (73.4%), other (26.6%)
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
19615
Website
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