Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -2.4%. Fair overall results on stability tests (4.0) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 7.6% of capital. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (53.6%), personal/comm auto (23.6%), other (22.8%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (49.7%), common stock (37.3%), real estate (2.5%), preferred stock (2.5%), cash (0.2%), other (7.8%)
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
Largest Affiliates
No affiliate information available.