Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2024. Fair profitability index (4.2) with operating losses during 2023 and 2024. Return on equity has been fair, averaging 5.8% over the past five years. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (72.1%), fire (14.4%), other (13.4%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (62.0%), cash (32.8%), common stock (5.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
387 Willowbrook Road
Coldwater, MI 49036
Coldwater, MI 49036
Phone Number
(517) 278-2108
NAIC Number
33448
Website
Largest Affiliates
No affiliate information available.