Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity. Fair overall results on stability tests (3.8) including excessive premium growth, weak results on operational trends and good risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with American Family Ins Group.
Other Rating Factors:
Good overall profitability index (5.0) with small operating losses during 2022 and the first six months of 2025. Excellent expense controls. Return on equity has been low, averaging 1.6% over the past five years. 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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (24.5%), comm multi (24.3%), work comp (4.9%), farmowners (2.6%), other (43.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.3%), cash (16.5%), other (1.2%)
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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