Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2022 and 2024. Return on equity has been low, averaging 0.1% over the past five years. Fair overall results on stability tests (3.4) including. The largest net exposure for one risk is high at 3.1% of capital. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.7) 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:
Farmowners (39.9%), homeowners (31.3%), comm multi (19.3%), fire (5.0%), other (4.5%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (41.8%), common stock (23.9%), cash (21.9%), real estate (4.1%), other (8.2%)
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
Largest Affiliates
No affiliate information available.