Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.3) despite. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.7) with operating losses during 2022, 2023 and the first six months of 2025. Return on equity has been low, averaging 0.0% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (46.9%), homeowners (41.1%), fire (8.2%), other (3.7%)
Licensed in:
MI
Principal Investments:
Common stock (42.6%), investment grade bonds (33.1%), cash (23.4%), real estate (0.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
201 Quincy Street
Hancock, MI 49930
Hancock, MI 49930
Phone Number
(906) 482-2880
NAIC Number
30376
Website
Largest Affiliates
No affiliate information available.