Major Rating Factors:
Strong long-term capitalization index (9.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2023.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Farmowners (39.9%), homeowners (33.8%), comm multi (9.0%), fire (1.4%), personal/comm auto (0.7%), other (15.1%)
Licensed in:
IA, ND, SD, UT, WI
Principal Investments:
Investment grade bonds (76.5%), common stock (15.0%), cash (8.0%), other (0.4%)
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
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