First Dakota Indemnity Co
Major Rating Factors:
Good liquidity (6.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.6). Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except AK, CA, DC, HI, ME, ND, NH, NY, OH, OR, TX, VT, WA, WY
Principal Investments:
Investment grade bonds (68.1%), common stock (13.0%), preferred stock (2.2%), non investment grade bonds (0.3%), other (16.4%)
Corporate Info
Group Affiliation
First Dakota Indemnity Co
Investment Rating
--
Company Address
300 Cherapa Place
Sioux Falls, SD 57103
Sioux Falls, SD 57103
Phone Number
(800) 732-1486 5002
NAIC Number
10351
Website
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