Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years, negative cash flow from operations for 2025 and weak risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital. Good long-term capitalization index (6.7) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Good liquidity (5.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (50.3%), homeowners (45.0%), other (4.6%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (84.3%), cash (8.4%), common stock (4.9%), other (2.4%)
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
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