Major Rating Factors:
Good liquidity (6.3 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 (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.0) with operating losses during 2021, 2022 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (32.1%), comm multi (10.2%), work comp (3.9%), product liab. (0.9%), homeowners (0.1%), other (52.8%)
Licensed in:
IA, IL, IN, MN, MO, ND, NE, OH, OK, PA, SD, WI
Principal Investments:
Investment grade bonds (77.4%), common stock (14.2%), cash (5.0%), non investment grade bonds (1.0%), real estate (0.6%), preferred stock (0.3%), other (1.5%)
Corporate Info
Group Affiliation
Grinnell Mutual Holding Co
Investment Rating
--
Company Address
4215 Highway 146, South
Grinnell, IA 50112
Grinnell, IA 50112
Phone Number
(641) 269-8000
NAIC Number
14117
Website
Largest Affiliates