Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.4) despite. Other stability subfactors include potentially strong support from affiliation with Auto Club Ins Association Group, 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.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Weak profitability index (2.3) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -7.8%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (53.5%), homeowners (23.7%), comm multi (13.9%), farmowners (2.9%), work comp (2.8%), fire (0.2%), other (3.1%)
Licensed in:
IA, IN, MI, WI
Principal Investments:
Investment grade bonds (84.1%), real estate (0.6%), other (15.2%)
Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
933 East Main Street
Fremont, MI 49412
Fremont, MI 49412
Phone Number
(231) 924-0300
NAIC Number
13994
Website
Largest Affiliates