Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 12.9% of capital. Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (6.8) with operating gains in each of the last five years. Return on equity has been fair, averaging 7.7% over the past five years.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (63.1%), fire (18.1%), homeowners (6.6%), farmowners (0.2%), other (12.0%)
Licensed in:
AZ, CA, GA, IA, ID, IL, IN, LA, MI, MO, MS, OH, OK, OR, PA, TX, UT, WI, WV
Principal Investments:
Investment grade bonds (63.4%), non investment grade bonds (14.7%), other (21.9%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
Sylvia Stoesser Center
Midland, MI 48674
Midland, MI 48674
Phone Number
(989) 636-0047
NAIC Number
33499
Largest Affiliates
No affiliate information available.