Major Rating Factors:
Fair reserve development (5.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.0) despite negative cash flow from operations for 2025. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Fair profitability index (4.3) with operating losses during 2021, 2022 and 2023. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (28.7%), homeowners (28.7%), personal/comm auto (19.0%), comm multi (5.6%), fire (0.7%), other (17.3%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (75.6%), common stock (6.9%), cash (3.6%), preferred stock (1.4%), real estate (0.6%), non investment grade bonds (0.6%), other (11.2%)
Corporate Info
Group Affiliation
Altaris LLC
Investment Rating
--
Company Address
150 Lake Street, West
Wayzata, MN 55391
Wayzata, MN 55391
Phone Number
(952) 974-2265
NAIC Number
41394
Website
Largest Affiliates