Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including excessive premium growth and weak risk diversification. The largest net exposure for one risk is high at 4.8% of capital. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) 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 (7.9). Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (30.2%), other (69.8%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (49.8%), cash (21.6%), real estate (0.4%), common stock (0.3%), other (27.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
P.O. Box 298
Flom, MN 56541
Flom, MN 56541
Phone Number
(218) 567-8261
NAIC Number
12384
Website
Largest Affiliates
There are no affiliate to display.