Bird Island-Hawk Creek Mutl In
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 30.4% of capital. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.3). Excellent liquidity (7.7) 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:
Fire (35.0%), farmowners (3.1%), homeowners (1.7%), other (60.2%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (89.2%), cash (10.3%), real estate (0.3%), common stock (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
351 East Highway 212
Bird Island, MN 55310
Bird Island, MN 55310
Phone Number
(320) 365-3546
NAIC Number
12369
Website
Largest Affiliates
No affiliate information available.