Major Rating Factors:
Fair profitability index (4.2 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 4.4% over the past five years. Fair overall results on stability tests (4.5) including excessive premium growth. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (85.2%), fire (6.1%), personal/comm auto (0.5%), other (8.2%)
Licensed in:
AK, AZ, HI, IA, ID, IN, LA, MD, MN, MO, MS, MT, ND, NE, NM, NV, OK, OR, RI, SD, TN, UT, WA, WI
Principal Investments:
Investment grade bonds (69.1%), cash (11.7%), other (19.2%)
Corporate Info
Group Affiliation
Milo Family 2016 Appointed Trust
Investment Rating
--
Company Address
1030 West County Road East
Shoreview, MN 55126
Shoreview, MN 55126
Phone Number
(612) 276-6194
NAIC Number
26654
Website
Largest Affiliates