Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including weak risk diversification and excessive premium growth. The largest net exposure for one risk is high at 3.9% of capital. Good overall profitability index (6.5) despite operating losses during 2022, 2023 and 2024. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) 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 (36.5%), other (63.5%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (83.6%), common stock (7.9%), cash (5.1%), non investment grade bonds (0.3%), other (3.2%)
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
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