Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -3.7%. Weak overall results on stability tests (2.8) including weak risk diversification. The largest net exposure for one risk is high at 4.2% of capital. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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 (49.3%), other (50.7%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (80.2%), cash (16.6%), common stock (1.7%), real estate (0.6%), other (0.9%)
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
Largest Affiliates
No affiliate information available.