Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite. Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (8.9) with ample operational cash flow and liquid investments. Fair profitability index (3.7) with operating losses during 2023. Average return on equity over the last five years has been poor at -0.8%.
Stability Factors:
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 (38.9%), homeowners (30.4%), comm multi (8.2%), personal/comm auto (6.8%), fire (1.3%), other (14.5%)
Licensed in:
IA, ND, SD, UT, WI
Principal Investments:
Investment grade bonds (75.1%), common stock (14.1%), cash (10.1%), other (0.6%)
Corporate Info
Group Affiliation
Agraria Mutual Group Inc
Investment Rating
--
Company Address
1415 12th Avenue, SE
Jamestown, ND 58401
Jamestown, ND 58401
Phone Number
(701) 252-2701
NAIC Number
32670
Website
Largest Affiliates