COUNTRY Mutual Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2023 and the first six months of 2024. Return on equity has been low, averaging 2.8% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (44.7%), homeowners (31.0%), farmowners (6.8%), comm multi (5.9%), work comp (1.9%), product liab. (0.1%), other (9.6%)
Licensed in:
All states except CA, DC, FL, HI, LA, MS, NY, WV
Principal Investments:
Investment grade bonds (58.8%), common stock (27.9%), non investment grade bonds (1.5%), preferred stock (0.5%), other (11.3%)
Corporate Info
Group Affiliation
Illinois Agricultural Association
Investment Rating
--
Company Address
1701 Towanda Avenue
Bloomington, IL 61701
Bloomington, IL 61701
Phone Number
(309) 821-3000
NAIC Number
20990
Website
Largest Affiliates
