Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite. Stability strengths include excellent operational trends and good risk diversification. Fair profitability index (4.8) with small operating losses during 2022. Return on equity has been low, averaging 2.1% over the past five years. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (87.1%), fire (8.2%), other (4.7%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (57.4%), common stock (37.6%), cash (0.8%), real estate (0.5%), other (3.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Fourth Street
Calumet, MI 49913
Calumet, MI 49913
Phone Number
(906) 337-3512
NAIC Number
30341
Website
Largest Affiliates
No affiliate information available.