Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 30.8% of capital. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2022 and 2024. Average return on equity over the last five years has been poor at -3.8%.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (40.4%), homeowners (27.7%), farmowners (26.8%), fire (1.1%), other (4.0%)
Licensed in:
SD
Principal Investments:
Investment grade bonds (90.0%), cash (7.1%), real estate (0.9%), other (2.0%)
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
No affiliate information available.