Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2022 and 2025. Vulnerable liquidity (0.3) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.0) including excessive premium growth, negative cash flow from operations for 2025 and good risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 115.9% of capital. Strengths include potentially strong support from affiliation with American Family Ins Group. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (28.0%), personal/comm auto (21.7%), work comp (4.4%), farmowners (2.6%), other (43.3%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.2%), cash (16.8%), other (1.0%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 American Parkway
Madison, WI 53783
Madison, WI 53783
Phone Number
(608) 249-2111
NAIC Number
27138
Website
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