Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good profitability index (4.9) with operating losses during 2021. Excellent expense controls.
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 (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (73.3%), work comp (26.2%), comm multi (0.5%)
Licensed in:
All states except HI, ID, ME, WY
Principal Investments:
Investment grade bonds (92.6%), cash (6.9%), other (0.5%)
Corporate Info
Group Affiliation
Pharmacists Mutual Ins Co
Investment Rating
--
Company Address
808 Highway 18 West
Algona, IA 50511
Algona, IA 50511
Phone Number
(515) 295-2461
NAIC Number
16356
Website
Largest Affiliates