C
Wadena Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (2.5) including excessive premium growth. The largest net exposure for one risk is excessive at 12.4% of capital. Good profitability index (4.9). Excellent expense controls.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Personal/comm auto (54.3%), homeowners (24.8%), comm multi (18.2%), work comp (1.7%), other (1.0%)
Licensed in: AZ, IA, IL, IN, MN, ND, NE, SD, WI
Principal Investments: Investment grade bonds (94.6%), cash (4.1%), other (1.3%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
IMT Mutual Holding Co
Investment Rating
--
Company Address
7825 Mills Civic Parkway
West Des Moines, IA 50266
Phone Number
(515) 453-0777
NAIC Number
12528
Largest Affiliates
C
West Des Moines, IA - P&C
C
Vinton, IA - P&C