Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2024. Weak overall results on stability tests (0.9) including weak results on operational trends, weak risk diversification and weak risk adjusted capital in prior years. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (40.8%), other (59.2%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (84.6%), cash (10.6%), common stock (0.4%), other (4.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
105 Third Street, West
Halstad, MN 56548
Halstad, MN 56548
Phone Number
(218) 456-2174
NAIC Number
12396
Website
Largest Affiliates
No affiliate information available.