Major Rating Factors:
Weak profitability index (1.6 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -14.8%. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 15.8% deficient. Good long-term capitalization index (5.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
Good overall results on stability tests (5.3) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (35.9%), comm multi (32.0%), personal/comm auto (28.2%), work comp (1.9%), fire (0.9%), other (1.2%)
Licensed in:
AZ, IA, ID, IL, MI, MN, NV, UT, WI, WY
Principal Investments:
Investment grade bonds (84.0%), non investment grade bonds (2.9%), common stock (2.2%), cash (0.4%), preferred stock (0.2%), other (10.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1134 North Ninth Street
Milwaukee, WI 53223
Milwaukee, WI 53223
Phone Number
(414) 383-1234
NAIC Number
13420
Website
Largest Affiliates
No affiliate information available.