Major Rating Factors:
Strong long-term capitalization index (10.0 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 profitability index (8.7).
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite. The largest net exposure for one risk is high at 3.4% of capital.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (32.1%), work comp (18.8%), fire (6.5%), product liab. (2.8%), comm multi (0.6%), fin guar/surety (0.2%), other (39.0%)
Licensed in:
All states except CA, DC, HI, VT
Principal Investments:
Investment grade bonds (96.8%), non investment grade bonds (0.6%), other (2.5%)
Corporate Info
Group Affiliation
Federated Mutual Ins Co
Investment Rating
--
Company Address
121 East Park Square
Owatonna, MN 55060
Owatonna, MN 55060
Phone Number
(507) 455-5200
NAIC Number
16024
Largest Affiliates