Major Rating Factors:
Good overall results on stability tests (5.5 on a scale of 0 to 10) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Fair profitability index (4.8) with operating losses during 2022 and 2023. Return on equity has been low, averaging 3.4% over the past five years.
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:
Personal/comm auto (49.0%), homeowners (23.2%), farmowners (18.0%), fire (3.3%), other (6.5%)
Licensed in:
ND, SD
Principal Investments:
Investment grade bonds (64.3%), common stock (20.1%), cash (8.4%), real estate (0.5%), other (6.7%)
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
No affiliate information available.