Major Rating Factors:
History of adequate reserve strength (6.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.6) despite. The largest net exposure for one risk is high at 3.6% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.1) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.4% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.3%), comm multi (22.5%), work comp (13.9%), homeowners (12.4%), farmowners (4.8%), product liab. (3.4%), fire (0.1%), other (6.5%)
Licensed in:
AR, AZ, CO, IA, ID, IL, IN, KS, KY, MI, MN, MO, MT, ND, NE, NM, NV, OH, OK, OR, PA, SD, TN, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (98.3%), non investment grade bonds (0.2%), other (1.5%)
Corporate Info
Group Affiliation
SECURA Ins Mutual Holding Co
Investment Rating
--
Company Address
1500 Mutual Way
Neenah, WI 54956
Neenah, WI 54956
Phone Number
(920) 739-3161
NAIC Number
10239
Website
Largest Affiliates