D
Badger Mutual Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.20
Risk Adjusted
Capital Ratio #2
0.80
Loss
Ratio
68.55%
Total
Assets
186.61M
Capital
47.49M
Net
Premiums
122.00M
Net
Income
8.27M
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Weiss Ratings Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Rating D
Capitalization Index 5.60
Investment Safety Index --
Liquidity Index 1.90
Profitability Index 1.60
Reserve Adequacy Index 4.40
Stability Index 5.30
Company Info Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Industry P&C
NAIC Number 13420
Phone Number (414) 383-1234
Website www.badgermutual.com
Address 1134 North Ninth Street Milwaukee, WI 53223
Balance Sheet Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Total Assets 186.61M
Capital and Reserves Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Risk-Adjusted Capital Ratio #1 1.20
Risk-Adjusted Capital Ratio #2 0.80
1-Year Reserve Development 1,580.00%
2-Year Reserve Development 1,180.00%
Capital 47.49M
Premium to Surplus 260.00%
Reserves to Surplus 150.00%
Investments Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 100.00%
Expense Ratio 30.00%
Loss Ratio 68.55%
Net Premium Growth 0.00%
Other Medical Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Badger Mutual Ins Co
Milwaukee, WI 		Click to
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Net Income 8.27M
Net Premium 122.00M
Health Premium --