Major Rating Factors:
Good overall profitability index (5.6 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.6) despite. Stability strengths include excellent operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (45.3%), homeowners (25.8%), farmowners (18.2%), fire (3.6%), other (7.1%)
Licensed in:
ND, SD
Principal Investments:
Investment grade bonds (63.5%), common stock (21.5%), cash (7.8%), real estate (0.4%), other (6.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1211 Third Avenue, SE
Rugby, ND 58368
Rugby, ND 58368
Phone Number
(701) 776-5279
NAIC Number
34606
Website
Largest Affiliates
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