Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2024 and 2025. Weak overall results on stability tests (2.7) including weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is acceptable at 2.3% of capital. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair liquidity (4.7) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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 (46.5%), homeowners (37.5%), fire (3.9%), comm multi (2.0%), other (10.1%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (63.6%), common stock (19.4%), cash (11.8%), real estate (3.7%), other (1.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
605 East Geneva Street
Elkhorn, WI 53121
Elkhorn, WI 53121
Phone Number
(262) 723-3244
NAIC Number
11713
Website
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