Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10) despite negative cash flow from operations for 2025. Stability strengths include excellent operational trends and good risk diversification. Fair profitability index (4.7) with small operating losses during 2022. Strong long-term capitalization index (9.5) 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 (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (87.3%), fire (8.1%), other (4.6%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (55.3%), common stock (39.3%), cash (0.9%), real estate (0.4%), other (4.1%)
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
There are no affiliate to display.