Major Rating Factors:
History of adequate reserve strength (6.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Other Rating Factors:
Fair profitability index (4.1) with operating losses during 2022 and 2023. Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.3%), comm multi (22.5%), work comp (13.9%), homeowners (12.4%), farmowners (4.8%), product liab. (3.4%), fire (0.1%), other (6.5%)
Licensed in:
AR, AZ, CO, IA, ID, IL, IN, KS, KY, MI, MN, MO, MT, ND, NE, NM, NV, OH, OK, OR, PA, SD, TN, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (98.3%), non investment grade bonds (0.2%), other (1.5%)
Corporate Info
Group Affiliation
SECURA Ins Mutual Holding Co
Investment Rating
--
Company Address
1500 Mutual Way
Neenah, WI 54956
Neenah, WI 54956
Phone Number
(920) 739-3161
NAIC Number
10239
Website
Largest Affiliates