Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) including negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 16.9% of capital. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2021 and 2022.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 (41.3%), personal/comm auto (35.2%), farmowners (19.9%), comm multi (0.4%), fire (0.3%), other (3.0%)
Licensed in:
ND, NE
Principal Investments:
Investment grade bonds (65.3%), cash (32.7%), common stock (1.5%), other (0.5%)
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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