Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2022 and 2024. Fair overall results on stability tests (3.5) including. The largest net exposure for one risk is acceptable at 2.9% of capital. Strong long-term capitalization index (8.2) 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 (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) 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.
Principal Lines of Business:
Farmowners (39.4%), homeowners (32.7%), comm multi (19.2%), fire (4.4%), other (4.2%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (45.1%), common stock (24.8%), cash (17.0%), real estate (3.6%), other (9.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
304 North Rosera Street
Lena, WI 54139
Lena, WI 54139
Phone Number
(920) 829-5525
NAIC Number
31780
Website
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