Bird Island-Hawk Creek Mutl In
Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including weak risk diversification and excessive premium growth. The largest net exposure for one risk is excessive at 12.0% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (8.7).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fire (34.6%), farmowners (2.9%), homeowners (1.8%), other (60.8%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (87.8%), cash (11.6%), real estate (0.4%), 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
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