Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.1) including excessive premium growth and weak results on operational trends. Good overall profitability index (6.2) despite operating losses during 2020 and 2022. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years.
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 (7.9) 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 (49.0%), homeowners (47.6%), other (3.4%)
Licensed in:
AL, AZ, GA, IN, MO, NV, OR, SC, TN, VA
Principal Investments:
Investment grade bonds (90.8%), other (9.2%)
Corporate Info
Group Affiliation
Shelter Mutual Ins Co
Investment Rating
--
Company Address
1817 West Broadway
Columbia, MO 65218
Columbia, MO 65218
Phone Number
(573) 445-8441
NAIC Number
15590
Website
Largest Affiliates