Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during each of the last five years. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.0) including negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.7% of capital. Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (57.2%), homeowners (37.3%), fire (3.0%), other (2.4%)
Licensed in:
IN, MI, WI
Principal Investments:
Investment grade bonds (76.6%), real estate (4.3%), common stock (4.1%), preferred stock (2.0%), other (13.0%)
Corporate Info
Group Affiliation
2020 Lindsay S Moroun Irrevocable Trust
Investment Rating
--
Company Address
1 Wolverine Way M62 East
Dowagiac, MI 49047
Dowagiac, MI 49047
Phone Number
(269) 782-3451
NAIC Number
15407
Website
Largest Affiliates