Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. A history of deficient reserves (2.7) that places pressure on both capital and profits. In 2023 and 2024 the one year reserve development was 23.1% and 44.5% deficient respectively. Weak profitability index (0.0) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -80.2%.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 29.9% of capital. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 (72.4%), personal/comm auto (21.8%), farmowners (3.0%), comm multi (2.7%)
Licensed in:
AZ, ID, OR, UT
Principal Investments:
Investment grade bonds (97.7%), preferred stock (1.6%), non investment grade bonds (0.2%), common stock (0.2%), other (0.2%)
Corporate Info
Group Affiliation
United Heritage Mutual Holding Co
Investment Rating
--
Company Address
707 East United Heritage Court
Meridian, ID 83642
Meridian, ID 83642
Phone Number
(800) 657-6351
NAIC Number
18939
Website
Largest Affiliates