Major Rating Factors:
Fair reserve development (3.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 15.8% deficient. Weak profitability index (2.9) with operating losses during 2022 and 2023. Vulnerable liquidity (0.6) as a spike in claims may stretch capacity.
Other Rating Factors:
Good overall results on stability tests (5.9) despite fair risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with Rural Mutual Ins Co, good operational trends and excellent risk diversification. Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (35.3%), homeowners (34.9%), personal/comm auto (26.2%), work comp (1.6%), fire (0.9%), other (1.2%)
Licensed in:
AZ, IA, ID, IL, MI, MN, NV, UT, WI, WY
Principal Investments:
Investment grade bonds (80.9%), cash (6.0%), common stock (4.1%), non investment grade bonds (2.6%), other (6.5%)
Corporate Info
Group Affiliation
Rural Mutual Ins Co
Investment Rating
--
Company Address
1134 North Ninth Street
Milwaukee, WI 53223
Milwaukee, WI 53223
Phone Number
(414) 383-1234
NAIC Number
13420
Website
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