Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is acceptable at 2.7% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.2).
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
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:
Farmowners (58.2%), homeowners (25.5%), fire (6.4%), comm multi (0.2%), other (9.7%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (56.0%), cash (22.0%), common stock (18.1%), real estate (0.5%), other (3.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
918 West Main Street
Waupun, WI 53963
Waupun, WI 53963
Phone Number
(920) 324-2571
NAIC Number
11763
Website
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