FMI 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. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.0% over the past five years. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (74.3%), fire (8.8%), work comp (4.7%), other (12.2%)
Licensed in:
(No states)
Principal Investments:
Common stock (80.7%), investment grade bonds (8.9%), other (10.4%)
Corporate Info
Group Affiliation
Franklin Mutual Ins Co
Investment Rating
--
Company Address
Five Broad Street
Branchville, NJ 07826
Branchville, NJ 07826
Phone Number
(973) 948-8800
NAIC Number
37699
Website
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