Major Rating Factors:
Fair overall results on stability tests (3.0 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 10.2% of capital. Weak profitability index (2.9) with operating losses during 2023, 2024 and 2025. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 2020. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (50.8%), personal/comm auto (26.0%), other (23.3%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (49.5%), common stock (44.2%), preferred stock (2.9%), real estate (2.3%), cash (0.8%), other (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
9898 West Bluemound Road
Wauwatosa, WI 53226
Wauwatosa, WI 53226
Phone Number
(262) 784-5666
NAIC Number
24830
Website
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