Major Rating Factors:
Strong long-term capitalization index (8.8 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 (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (5.1) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 4.1% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (28.9%), work comp (14.0%), homeowners (12.6%), fire (6.0%), comm multi (4.4%), product liab. (2.4%), fin guar/surety (1.7%), other (30.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (67.8%), common stock (12.2%), non investment grade bonds (4.9%), cash (2.5%), real estate (1.4%), preferred stock (0.5%), other (10.6%)
Corporate Info
Group Affiliation
West Bend Mutual Holding Co
Investment Rating
--
Company Address
1900 South 18th Avenue
West Bend, WI 53095
West Bend, WI 53095
Phone Number
(262) 334-5571
NAIC Number
15350
Website
Largest Affiliates