Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.0% of capital. Weak profitability index (2.9) with operating losses during 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -5.5%. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) 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:
Homeowners (61.2%), farmowners (22.3%), comm multi (5.2%), fire (4.1%), other (7.3%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (57.5%), cash (17.7%), common stock (15.3%), real estate (0.2%), other (9.2%)
Corporate Info
Group Affiliation
Mutual of Wausau Ins Corporation
Investment Rating
--
Company Address
5291 County Road II
Larsen, WI 54947
Larsen, WI 54947
Phone Number
(920) 836-3577
NAIC Number
11753
Website
Largest Affiliates