Union Mutual Fire Ins Co
Major Rating Factors:
Strong long-term capitalization index (7.5 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. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (5.0) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 0.8% over the past five years. Good overall results on stability tests (6.9) despite. The largest net exposure for one risk is acceptable at 2.2% of capital.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (63.2%), homeowners (26.9%), personal/comm auto (6.1%), fire (0.7%), other (3.1%)
Licensed in:
CT, MA, ME, NH, NY, RI, VT
Principal Investments:
Investment grade bonds (62.3%), common stock (25.3%), cash (6.2%), real estate (0.4%), non investment grade bonds (0.1%), other (5.6%)
Corporate Info
Group Affiliation
Norfolk & Dedham Group
Investment Rating
--
Company Address
139 State Street
Montpelier, VT 05602
Montpelier, VT 05602
Phone Number
(802) 223-5261
NAIC Number
25860
Website
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