Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital. Fair liquidity (4.1) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (51.6%), homeowners (43.5%), other (4.9%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (86.4%), cash (6.6%), common stock (4.0%), other (3.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
660 John Nolen Drive
Madison, WI 53713
Madison, WI 53713
Phone Number
(800) 279-4030
NAIC Number
14550
Website
Largest Affiliates
No affiliate information available.