Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including weak results on operational trends and weak risk diversification. The largest net exposure for one risk is conservative at 2.0% of capital. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Fair profitability index (3.0) with operating losses during 2024 and the first six months of 2025.
Other Rating Factors:
Good long-term capitalization index (6.2) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Farmowners (36.9%), homeowners (33.6%), fire (25.6%), comm multi (3.9%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (44.8%), cash (20.5%), common stock (19.8%), non investment grade bonds (1.2%), real estate (1.1%), preferred stock (0.1%), other (12.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
36396 Main Street
Whitehall, WI 54773
Whitehall, WI 54773
Phone Number
(715) 538-2123
NAIC Number
11607
Website
Largest Affiliates
No affiliate information available.