- Language: English
- 78 Pages
- Published: October 2011
- Region: Thailand
Summary: Mutual Service Casualty Insurance Co. Jan 05
- Published: January 2005
- Standard & Poors
The ratings on Mutual Service Casualty Insurance Co., which is a member of Country Mutual Group, reflect the group's extremely strong capitalization, large surplus base, significant geographical presence in Illinois, and marginal earnings. At year-end 2003, Country Mutual Group's consolidated capital was extremely strong, as demonstrated by a Standard & Poor's Ratings Services capital adequacy ratio of 280%. In addition, the group had a large surplus of about $1.2 billion at year-end 2003. The group's operating performance is marginal, as measured by an earnings adequacy ratio of 46% at year-end 2003. However, net income improved to $42 million in 2003 compared with $11.8 million in 2002. This was primarily because of an improvement in underwriting gains, which stemmed from an...
Companies mentioned in this report are: Ironshore Indemnity Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Ironshore Indemnity Inc.
|Electronic||The report will be emailed to you.|