Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2024 and the first six months of 2025. Weak overall results on stability tests (0.9) including weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 6.2% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good long-term capitalization index (6.7) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (63.4%), farmowners (36.1%), comm multi (0.5%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (70.3%), common stock (13.0%), cash (11.8%), real estate (3.2%), non investment grade bonds (1.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
326 6th Street
Monroe, WI 53566
Monroe, WI 53566
Phone Number
(608) 325-3416
NAIC Number
11759
Website
Largest Affiliates
No affiliate information available.