Financial Profile

 

 

 

 

Financial Statement as of December 31, 2016

 

Assets 12/31/2016 12/31/2015
Bonds Amortized $10,594,473 $10,160,015
Stocks @ Market $5,565,475 $4,601,797
Land & Home Office $841,841 $871,595
Receivables & Other Assets $10,217,263 $8,967,573
Total $27,219,052 $24,600,980
Liabilities & Surplus
Reserves for Claims $2,292,569 $1,755,764
Unearned for Premiums $8,113,741 $7,400,664
Other Liabilities $2,062,458 $2,051,369
Policyholders’ Surplus $14,750,284 $13,393,183
Total   $27,219,052     $24,600,980
Underwriting Income
Premiums Earned $12,761,913 $12,133,424
Losses Incurred $4,173,343 32.7% $3,757,631 31.0%
Loss Adjustment Expense $1,366,681 10.7% $1,368,930 11.3%
Underwriting Expenses $5,626,740 41.1% $5,274,523 41.2%
Net Underwriting    $1,595,149 84.5%   $1,732,340 83.5%
Other
Investment Income $234,903 $215,214
Other Income $83,607 $73,266
Income before FIT   $1,913,659     $2,020,820

 

 

Mennonite Mutual Maintains A.M. Best Rating

On March 28, 2017, Mennonite Mutual Insurance Company received word that A.M. Best had affirmed the financial strength rating of A- (Excellent) and affirmed the Issuer Credit Rating of “a-” of Mennonite Mutual Insurance Company. The outlook for both ratings is stable.  To view our company profile on A.M. Best’s website, click here.