Major Rating Factors:
Weak overall results on stability tests (1.5 on a scale of 0 to 10) including weak results on operational trends. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair profitability index (4.5).
Other Rating Factors:
Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (39.3%), homeowners (35.3%), personal/comm auto (8.2%), fire (4.3%), comm multi (3.5%), other (9.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (41.1%), common stock (34.3%), cash (22.6%), real estate (1.2%), other (0.9%)
Corporate Info
Group Affiliation
Mt Morris Mutual Ins Co
Investment Rating
--
Company Address
500 Second Street
Reedsburg, WI 53959
Reedsburg, WI 53959
Phone Number
(608) 524-3405
NAIC Number
11726
Website
Largest Affiliates