Major Rating Factors:
Strong long-term capitalization index (9.0 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 (9.3) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (5.1) with small operating losses during 2022. Return on equity has been fair, averaging 5.2% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (42.8%), comm multi (12.3%), homeowners (10.5%), work comp (10.3%), fire (3.8%), product liab. (0.6%), other (19.8%)
Licensed in:
All states except AK, CA, CT, DC, FL, HI, LA, MA, NC, NJ, NY, RI, SC
Principal Investments:
Investment grade bonds (56.0%), common stock (33.9%), real estate (4.5%), non investment grade bonds (3.4%), other (2.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2800 South Taylor Drive
Sheboygan, WI 53081
Sheboygan, WI 53081
Phone Number
(800) 242-7666
NAIC Number
14184
Website
Largest Affiliates
No affiliate information available.
