Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 16.7% deficient. Fair profitability index (2.9) with operating losses during 2022, 2023 and 2024. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) despite negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (48.0%), med mal (22.4%), work comp (12.4%), personal/comm auto (7.3%), other (10.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (80.5%), common stock (6.2%), cash (2.2%), other (11.1%)
Corporate Info
Group Affiliation
Pharmacists Mutual Ins Group Inc
Investment Rating
--
Company Address
808 Highway 18 West
Algona, IA 50511
Algona, IA 50511
Phone Number
(515) 295-2461
NAIC Number
13714
Website
Largest Affiliates