Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 4.3% of capital. Fair profitability index (3.3) with operating losses during 2024 and 2025. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
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.
Principal Lines of Business:
Farmowners (53.3%), homeowners (36.4%), fire (7.8%), comm multi (2.5%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (56.9%), common stock (34.7%), cash (2.0%), real estate (1.8%), other (4.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
107 West Rock River Street
Theresa, WI 53091
Theresa, WI 53091
Phone Number
(920) 488-4401
NAIC Number
11658
Website
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