Major Rating Factors:
Weak overall results on stability tests (2.2 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 high at 4.9% of capital. Fair profitability index (3.3) with operating losses during 2022, 2023 and 2024. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.4) that can protect against increases in claims costs. Excellent liquidity (8.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (37.7%), other (62.3%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (82.3%), cash (6.3%), common stock (6.3%), non investment grade bonds (0.3%), other (4.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
131 8th Street South
Albany, MN 56307
Albany, MN 56307
Phone Number
(320) 844-8123
NAIC Number
12446
Website
Largest Affiliates
No affiliate information available.