Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 20.4% of capital. Fair profitability index (4.3) with operating losses during 2021, 2022 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.4%. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) 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:
Homeowners (39.5%), personal/comm auto (39.0%), farmowners (17.5%), comm multi (1.3%), fire (0.2%), other (2.5%)
Licensed in:
ND, NE
Principal Investments:
Investment grade bonds (63.1%), cash (34.3%), common stock (1.3%), real estate (1.2%)
Corporate Info
Group Affiliation
Nodak Mutual Group Inc
Investment Rating
--
Company Address
1101 1st Ave N
Fargo, ND 58102
Fargo, ND 58102
Phone Number
(701) 298-4200
NAIC Number
16373
Website
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