Farmers & Mechanics Mutl (WV)
Major Rating Factors:
Strong long-term capitalization index (10.0 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. Excellent profitability index (8.5). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (44.4%), comm multi (31.6%), farmowners (15.1%), fire (2.7%), other (6.1%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (51.4%), common stock (36.4%), cash (7.4%), non investment grade bonds (2.0%), real estate (0.8%), other (2.0%)
Corporate Info
Group Affiliation
Farmers and Mechanics Mutual Ins Co of West Virginia
Investment Rating
--
Company Address
25 Administrative Drive
Martinsburg, WV 25404
Martinsburg, WV 25404
Phone Number
(304) 263-0809
NAIC Number
36315
Website
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