Major Rating Factors:
Fair overall results on stability tests (2.9 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.4% of capital. Good overall profitability index (5.8) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 4.9% over the past five years. Strong long-term capitalization index (10.0) 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. Superior liquidity (9.4) 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 (51.4%), other (48.6%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (82.3%), cash (14.8%), non investment grade bonds (1.6%), common stock (0.8%), real estate (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
161 Third Avenue, South
Lismore, MN 56155
Lismore, MN 56155
Phone Number
(507) 472-8216
NAIC Number
12468
Website
Largest Affiliates
No affiliate information available.