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 profitability index (4.9) with small operating losses during 2021. Good overall results on stability tests (5.9) despite excessive premium growth and lack of operational experience. Other stability subfactors include potentially strong support from affiliation with Altaris LLC, 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). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (51.0%), other (49.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (92.8%), cash (3.0%), other (4.1%)
Corporate Info
Group Affiliation
Altaris LLC
Investment Rating
--
Company Address
150 Lake Street West
Wayzata, MN 55391
Wayzata, MN 55391
Phone Number
(952) 974-2200
NAIC Number
17180
Website
--
Largest Affiliates