Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 3.6% of capital. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.8) despite operating losses during 2022. Return on equity has been good over the last five years, averaging 21.1%. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (27.8%), personal/comm auto (0.2%), other (72.0%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (86.7%), cash (7.2%), common stock (0.4%), other (5.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
9701 Brader Way
Middleton, WI 53562
Middleton, WI 53562
Phone Number
(608) 821-0600
NAIC Number
15779
Website
Largest Affiliates
No affiliate information available.