Wadena Ins Co
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 12.3% of capital. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.3% over the past five years.
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. Excellent liquidity (7.0) 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%)
Corporate Info
Group Affiliation
IMT Mutual Holding Co
Investment Rating
--
Company Address
7825 Mills Civic Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 453-0777
NAIC Number
12528
Website
Largest Affiliates