Major Rating Factors:
Weak overall results on stability tests (1.1 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 5.4% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with modest operating losses during the first six months of 2025.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.2) 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 (35.8%), other (64.2%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (59.8%), cash (17.5%), real estate (0.5%), common stock (0.2%), other (22.0%)
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
No affiliate information available.