Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.1) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -2.2%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (37.1%), farmowners (33.1%), homeowners (25.7%), fire (0.3%), other (3.7%)
Licensed in:
IA, IL, IN, MN, ND, NE, SD
Principal Investments:
Investment grade bonds (67.3%), common stock (11.7%), cash (2.1%), real estate (2.0%), other (16.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
501 South 13th Street
Lincoln, NE 68508
Lincoln, NE 68508
Phone Number
(402) 434-8300
NAIC Number
13889
Website
Largest Affiliates
No affiliate information available.