Major Rating Factors:
Strong long-term capitalization index (9.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Good profitability index (5.0) with operating losses during 2022 and 2023.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.7) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.2% of capital.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (34.3%), personal/comm auto (29.2%), work comp (16.9%), farmowners (6.6%), product liab. (5.1%), fire (0.1%), other (7.8%)
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 (0.3%), other (1.3%)
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
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