Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.0% over the past five years. Good overall results on stability tests (5.4) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Jewelers Mutual Holding Co, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.2%), other (3.8%)
Corporate Info
Group Affiliation
Jewelers Mutual Holding Co
Investment Rating
--
Company Address
24 Jewelers Park Drive
Neenah, WI 54956
Neenah, WI 54956
Phone Number
(920) 725-4326
NAIC Number
16116
Website
Largest Affiliates