B
Montana State Fund
Helena,  MT
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
3.80
Risk Adjusted
Capital Ratio #2
2.50
Loss
Ratio
66.40%
Total
Assets
1.75B
Capital
717.17M
Net
Premiums
178.31M
Net
Income
43.40M
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Weiss Ratings Montana State Fund
Helena, MT 		Click to
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Rating B
Capitalization Index 8.80
Investment Safety Index --
Liquidity Index 9.00
Profitability Index 8.00
Reserve Adequacy Index 9.30
Stability Index 7.20
Company Info Montana State Fund
Helena, MT 		Click to
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Industry P&C
NAIC Number 15819
Phone Number (406) 495-5000
Website www.montanastatefund.com
Address 855 Front Street Helena, MT 59601
Balance Sheet Montana State Fund
Helena, MT 		Click to
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Total Assets 1.75B
Capital and Reserves Montana State Fund
Helena, MT 		Click to
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Risk-Adjusted Capital Ratio #1 3.80
Risk-Adjusted Capital Ratio #2 2.50
1-Year Reserve Development -670.00%
2-Year Reserve Development -1,030.00%
Capital 717.17M
Premium to Surplus 30.00%
Reserves to Surplus 130.00%
Investments Montana State Fund
Helena, MT 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Montana State Fund
Helena, MT 		Click to
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Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 90.00%
Expense Ratio 20.00%
Loss Ratio 66.40%
Net Premium Growth 0.00%
Other Medical Montana State Fund
Helena, MT 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Montana State Fund
Helena, MT 		Click to
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Net Income 43.40M
Net Premium 178.31M
Health Premium --