Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (3.5) with operating losses during 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.7%. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (35.6%), homeowners (11.4%), other (53.0%)
Licensed in:
KS
Principal Investments:
Common stock (50.1%), investment grade bonds (19.5%), cash (16.3%), real estate (4.4%), other (9.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
16 North Main Street
Ellinwood, KS 67526
Ellinwood, KS 67526
Phone Number
(620) 564-3281
NAIC Number
10323
Website
Largest Affiliates
No affiliate information available.