Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 2.8% over the past five years. Fair overall results on stability tests (3.1) including fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.2% of capital. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (83.5%), fire (8.2%), farmowners (0.3%), other (8.0%)
Licensed in:
ID
Principal Investments:
Common stock (45.9%), investment grade bonds (25.8%), non investment grade bonds (19.5%), cash (8.6%), preferred stock (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
333 Main Street
Gooding, ID 83330
Gooding, ID 83330
Phone Number
(208) 934-5729
NAIC Number
18457
Website
Largest Affiliates
No affiliate information available.