Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including excessive premium growth. Strengths include potentially strong support from affiliation with Grinnell Mutual Holding Co. Good profitability index (4.9) with small operating losses during 2021. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (99.9%)
Licensed in:
IA, IL, IN, MN, MO, ND, NE, OH, OK, PA, SD, WI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
Grinnell Mutual Holding Co
Investment Rating
--
Company Address
4215 Highway 146
Grinnell, IA 50112
Grinnell, IA 50112
Phone Number
(641) 269-8000
NAIC Number
15831
Website
Largest Affiliates