Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.6) with operating losses during 2023 and 2024.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (38.4%), comm multi (19.7%), homeowners (15.6%), farmowners (13.9%), work comp (6.9%), fire (0.7%), other (4.9%)
Licensed in:
IA, IL, IN, KY, MI, OH, PA, TN, WI
Principal Investments:
Investment grade bonds (67.7%), common stock (26.4%), cash (2.5%), preferred stock (1.1%), real estate (0.9%), non investment grade bonds (0.6%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
404 East Woodlawn Avenue
Hastings, MI 49058
Hastings, MI 49058
Phone Number
(800) 442-8277
NAIC Number
14176
Website
Largest Affiliates
There are no affiliate to display.