Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is high at 3.2% of capital. Good overall profitability index (5.6) despite operating losses during 2021, 2022, 2023 and 2024. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. 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.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (46.9%), other (53.1%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (80.7%), common stock (3.0%), cash (2.5%), real estate (0.5%), other (13.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
109 Broadway
Goodhue, MN 55027
Goodhue, MN 55027
Phone Number
(651) 923-4044
NAIC Number
10913
Website
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