Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2022. Fair overall results on stability tests (3.4) including. The largest net exposure for one risk is high at 3.1% of capital. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
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:
Homeowners (40.1%), personal/comm auto (31.5%), farmowners (22.1%), fire (2.0%), other (4.3%)
Licensed in:
ND, SD
Principal Investments:
Investment grade bonds (78.8%), cash (5.9%), real estate (2.5%), other (12.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
207 J Avenue
Eureka, SD 57437
Eureka, SD 57437
Phone Number
(800) 299-6943
NAIC Number
14885
Website
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