Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Average return on equity over the last five years has been poor at -17.6%. Weak overall results on stability tests (2.9) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital. Good long-term capitalization index (6.0) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
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.