Major Rating Factors:
Good quality investment portfolio (5.9 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to small junk bond holdings. Good Liquidity (6.2) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.7).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
MI, OH, OK
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Michigan Farm Bureau
Investment Rating
--
Company Address
7373 WEST SAGINAW HIGHWAY
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-7000
NAIC Number
63096
Website
Largest Affiliates