Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with modest operating losses during the first three months of 2025. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fire (33.0%), product liab. (1.1%), other (65.9%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (96.9%), other (3.1%)
Corporate Info
Group Affiliation
Intact Financial Corporation
Investment Rating
--
Company Address
605 Highway 169 North
Plymouth, MN 55441
Plymouth, MN 55441
Phone Number
(800) 662-0156
NAIC Number
14231
Website
Largest Affiliates