Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2022 and 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (53.5%), homeowners (27.7%), farmowners (10.8%), comm multi (4.6%), fire (1.0%), other (2.3%)
Licensed in:
MN, WI
Principal Investments:
Investment grade bonds (80.0%), common stock (12.9%), non investment grade bonds (5.2%), real estate (0.8%), cash (0.7%), other (0.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8201 Excelsior Drive
Madison, WI 53717
Madison, WI 53717
Phone Number
(608) 836-4663
NAIC Number
27022
Website
Largest Affiliates
No affiliate information available.