Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 18.2% of capital. Fair profitability index (4.3) with operating losses during 2021, 2022 and the first three months of 2025. Average return on equity over the last five years has been poor at -1.4%. Good long-term capitalization index (6.3) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (39.5%), personal/comm auto (39.0%), farmowners (17.5%), comm multi (1.3%), fire (0.2%), other (2.5%)
Licensed in:
ND, NE
Principal Investments:
Investment grade bonds (63.1%), cash (34.3%), common stock (1.3%), real estate (1.2%)
Corporate Info
Group Affiliation
Nodak Mutual Group Inc
Investment Rating
--
Company Address
1101 1st Ave N
Fargo, ND 58102
Fargo, ND 58102
Phone Number
(701) 298-4200
NAIC Number
16373
Website
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