Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. A history of deficient reserves (1.0) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 25.1% and 88.6%. Weak profitability index (2.0) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -17.3%.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 42.3% of capital. Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
MT
Principal Investments:
Investment grade bonds (73.9%), cash (20.4%), common stock (4.0%), preferred stock (2.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
P.O. Box 8509
Missoula, MT 59807
Missoula, MT 59807
Phone Number
(406) 523-3934
NAIC Number
11534
Website
Largest Affiliates
No affiliate information available.