North Star Mutual Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.7) with operating losses during 2022 and 2023. Return on equity has been low, averaging 3.4% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
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 (30.6%), homeowners (22.6%), farmowners (11.5%), comm multi (3.3%), fire (3.3%), product liab. (0.1%), other (28.6%)
Licensed in:
IA, KS, MN, ND, NE, OK, SD, WI
Principal Investments:
Investment grade bonds (81.4%), common stock (11.6%), real estate (0.7%), other (6.3%)
Corporate Info
Group Affiliation
North Star Mutual Ins Co
Investment Rating
--
Company Address
269 Barstad Road, South
Cottonwood, MN 56229
Cottonwood, MN 56229
Phone Number
(507) 423-6262
NAIC Number
14850
Website
Largest Affiliates