S&P Affirms Oregon Mutual

The “BBBpi” FSRs on Oregon Mutual Insurance Co. was affirmed by S&P. The rating action was based on the consolidated results of the company and its wholly owned subsidiary, Western Protectors Insurance Co., collectively known as Oregon Mutual Group.

Oregon Mutual Ins. Co., which mainly writes homeowners’ multiperil, private passenger auto, farmowners and general liability, is licensed in Oregon, California, Idaho and Washington. Rating factors include extremely strong consolidated capitalization at year-end 1999, partially offset by marginal group operating performance.

The “BBBpi” FSR of Western Protectors Ins. Co., which is licensed in Oregon, Idaho and Washington, was also affirmed by S&P. The company writes mainly private passenger auto and homeowners.