Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is acceptable at 2.3% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2024 and the first six months of 2025.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
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 (47.8%), homeowners (35.8%), fire (4.0%), comm multi (3.0%), other (9.4%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (65.7%), common stock (16.5%), cash (13.8%), real estate (0.8%), non investment grade bonds (0.6%), other (2.6%)
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
Largest Affiliates
No affiliate information available.