Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.0) despite. Strengths include potentially strong support from affiliation with Pennsylvania National Mutual Casualty Ins Co. Fair profitability index (4.1) with operating losses during 2023 and 2024. Return on equity has been low, averaging 2.6% over the past five years.
Other Rating Factors:
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. Superior liquidity (9.0) 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:
Personal/comm auto (47.9%), homeowners (17.9%), work comp (9.4%), comm multi (6.2%), fire (5.8%), fin guar/surety (0.1%), other (12.7%)
Licensed in:
IA, MI, MN, PA, WI
Principal Investments:
Investment grade bonds (86.7%), cash (7.6%), common stock (5.6%), other (0.1%)
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