Employers Mutual Casualty Co
Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Good overall profitability index (5.4) despite operating losses during 2022 and 2023.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (29.9%), work comp (11.5%), fire (7.7%), comm multi (3.6%), product liab. (3.5%), fin guar/surety (2.3%), other (41.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (50.7%), common stock (32.1%), real estate (1.6%), preferred stock (1.1%), non investment grade bonds (0.2%), other (14.2%)
Corporate Info
Group Affiliation
Employers Mutual Casualty Co
Investment Rating
--
Company Address
717 Mulberry Street
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(515) 280-2511
NAIC Number
21415
Website
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