Union Mutual Fire Ins Co
Major Rating Factors:
Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Fair overall results on stability tests (4.4) including weak results on operational trends and negative cash flow from operations for 2025.
Stability Factors:
F - Negative cash flow.
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 (53.7%), homeowners (27.8%), personal/comm auto (14.3%), fire (0.7%), work comp (0.4%), other (3.1%)
Licensed in:
CT, MA, ME, NH, NY, RI, VT
Principal Investments:
Investment grade bonds (60.2%), common stock (28.8%), cash (3.7%), real estate (0.4%), other (6.7%)
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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