Major Rating Factors:
Weak overall results on stability tests (1.1 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2024.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (52.9%), homeowners (35.9%), fire (8.5%), comm multi (2.7%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (37.7%), common stock (34.4%), cash (4.6%), real estate (1.9%), other (21.4%)
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
Largest Affiliates
No affiliate information available.