New Mexico Foundation Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2024. Return on equity has been low, averaging 0.9% over the past five years. Good overall results on stability tests (5.5) despite excessive premium growth. Stability strengths include 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), despite some fluctuation in capital levels. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AZ, NM
Principal Investments:
Investment grade bonds (98.0%), cash (1.3%), other (0.7%)
Corporate Info
Group Affiliation
New Mexico Mutual Casualty Co
Investment Rating
--
Company Address
5201 Balloon Fiesta Parkway, NE
Albuquerque, NM 87113
Albuquerque, NM 87113
Phone Number
(505) 345-7260
NAIC Number
23051
Website
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