Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2024. Fair overall results on stability tests (3.0) including excessive premium growth. Strong long-term capitalization index (9.3) 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 (53.2%), other (46.8%)
Licensed in:
ND
Principal Investments:
Investment grade bonds (75.9%), common stock (10.6%), cash (10.1%), real estate (0.6%), other (2.7%)
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
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