Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including weak results on operational trends and excessive premium growth. The largest net exposure for one risk is conservative at 1.3% of capital. Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent overall profitability index (6.9) despite operating losses during 2022 and 2023. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
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 (50.6%), other (49.4%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (83.6%), cash (10.6%), common stock (3.9%), non investment grade bonds (1.5%), 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
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