Major Rating Factors:
Poor long-term capitalization index (2.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Weak profitability index (1.0) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -18.7%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 64.8% of capital.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Comm multi (100.0%)
Licensed in:
ID
Principal Investments:
Investment grade bonds (52.9%), common stock (4.6%), cash (0.7%), other (41.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3100 Vista Avenue
Boise, ID 83705
Boise, ID 83705
Phone Number
(208) 336-3100
NAIC Number
36480
Website
Largest Affiliates
No affiliate information available.