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). Fair overall results on stability tests (3.4) including lack of operational experience. The largest net exposure for one risk is excessive at 9.1% of capital. Strengths include potentially strong support from affiliation with Federated Mutual Ins Co.
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. 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.
E - Lack of operating experience.
G - Fast asset or premium growth.
Principal Lines of Business:
Comm multi (80.4%), product liab. (9.6%), other (10.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (92.2%), other (7.8%)
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
17333
Largest Affiliates