Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is high at 4.1% of capital. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating losses during 2022 and 2024.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (37.4%), homeowners (29.1%), farmowners (28.8%), fire (1.1%), other (3.6%)
Licensed in:
SD
Principal Investments:
Investment grade bonds (92.2%), cash (5.3%), real estate (0.9%), other (1.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1102 Main Street
Burke, SD 57523
Burke, SD 57523
Phone Number
(605) 775-2636
NAIC Number
27766
Website
Largest Affiliates
There are no affiliate to display.