Business is produced in 18 states, with the largest being Pennsylvania. Prospective operating performance metrics are expected to remain in line with the personal property composite, primarily driven by sustained profitability of the group’s niche farm programs despite the impact from weather-related events.ĮCM Insurance Group maintains very strong overall balance sheet strength, supported by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR), partially offset by elevated net written premium and common stock leverage.ĮCM’s neutral business profile reflects its niche market footprint with a focus on agricultural and select commercial operations. The favorable turnaround is largely reflective of product and geographic expansion initiatives, improved results in the auto programs, enhanced pricing sophistication and continued profitable growth in Farm/Agriculture specialty business. The revised outlooks are based on the group’s improved operating performance in recent years. The ratings of ECM reflect the group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
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All companies are domiciled in Everett, PA. Concurrently, AM Best has revised the outlook to stable from negative for the Long-Term ICR and affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Ever-Greene Mutual Insurance Company, an affiliate of Everett Cash Mutual. OLDWICK: Global insurance rating agency, AM Best has revised the outlooks for ECM Insurance Group members to stable reflecting the group’s balance sheet strength and adequate operating performance.ĪM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Everett Cash Mutual Insurance Company and 1st Choice Advantage Insurance Company Inc.īoth are the members of ECM Insurance Group.