Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2024. Weak overall results on stability tests (2.8) including weak risk diversification. The largest net exposure for one risk is high at 4.3% of capital. 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:
Ample reserve history (7.0) that can protect against increases in claims costs. 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:
Farmowners (57.6%), homeowners (40.2%), other (2.1%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (64.8%), common stock (24.6%), cash (5.4%), real estate (2.6%), other (2.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
W1202 Glenview Avenue
Ixonia, WI 53036
Ixonia, WI 53036
Phone Number
(920) 261-6616
NAIC Number
11387
Website
Largest Affiliates
There are no affiliate to display.