Major Rating Factors:
History of adequate reserve strength (6.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite negative cash flow from operations for 2025. Strengths include potentially strong support from affiliation with Pennsylvania National Mutual Casualty Ins Co.
Other Rating Factors:
Fair profitability index (4.9) with operating losses during 2023 and 2024. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (43.3%), homeowners (19.1%), work comp (8.7%), fire (7.6%), comm multi (7.3%), fin guar/surety (0.1%), other (13.9%)
Licensed in:
IA, MI, MN, PA, WI
Principal Investments:
Investment grade bonds (86.7%), cash (7.1%), common stock (5.9%), other (0.3%)
Corporate Info
Group Affiliation
Pennsylvania National Mutual Casualty Ins Co
Investment Rating
--
Company Address
20935 Swenson Drive
Waukesha, WI 53186
Waukesha, WI 53186
Phone Number
(262) 798-5050
NAIC Number
13439
Website
Largest Affiliates