Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2020, 2024 and the first six months of 2025. Return on equity has been low, averaging 0.4% over the past five years. Weak overall results on stability tests (2.7) including weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.1% 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.
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:
Farmowners (57.7%), homeowners (40.3%), other (2.1%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (64.4%), common stock (25.5%), cash (6.7%), real estate (2.5%), other (0.9%)
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
No affiliate information available.