Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging 0.5% over the past five years. Fair overall results on stability tests (3.0) including negative cash flow from operations for 2024. Strong long-term capitalization index (10.0) 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 (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.8) 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 (54.0%), other (46.0%)
Licensed in:
ND
Principal Investments:
Investment grade bonds (72.9%), common stock (13.3%), cash (10.2%), real estate (0.7%), other (2.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
815 31st Avenue, SW
Minot, ND 58701
Minot, ND 58701
Phone Number
(701) 838-3716
NAIC Number
11101
Website
Largest Affiliates
No affiliate information available.