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 small operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 0.1% over the past five years. Good overall results on stability tests (5.4) 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.6%), work comp (0.4%)
Licensed in:
IA, IL, IN, MN, MO, ND, NE, OH, OK, PA, SD, WI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
Grinnell Mutual ReIns Co SI
Investment Rating
--
Company Address
4215 Highway 146
Grinnell, IA 50112
Grinnell, IA 50112
Phone Number
(641) 269-8000
NAIC Number
16144
Website
Largest Affiliates