B
COUNTRY MUTUAL INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.8). Fair expense controls.
Other Rating Factors: Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak results on operational trends. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (43.6%), personal/comm auto (21.5%), farmowners (10.3%), comm multi (8.5%), work comp (3.0%), product liab. (0.2%), other (12.9%)
Licensed in: All states except CA, DC, FL, HI, LA, MS, PR
Principal Investments: Investment grade bonds (61.4%), common stock (24.8%), non investment grade bonds (1.5%), preferred stock (0.5%), other (11.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
COUNTRY Financial
Investment Rating
--
Company Address
1701 Towanda Avenue
BLOOMINGTON, IL 61701
Phone Number
(309) 821-3904
NAIC Number
20990
Largest Affiliates
A
BLOOMINGTON, IL - L&A
A
BLOOMINGTON, IL - L&A
B
ALPHARETTA, GA - L&A
B
BLOOMINGTON, IL - P&C
B
BLOOMINGTON, IL - P&C
Weiss Ratings