Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Good overall results on stability tests (5.4) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Grinnell Mutual Holding Co, good operational trends and excellent risk diversification.
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. Excellent liquidity (7.0) 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 (99.6%), work comp (0.3%)
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
16144
Website
Largest Affiliates