Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2023. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite. Strengths include potentially strong support from affiliation with Farmers Alliance Mutual Ins Co.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (38.4%), farmowners (35.6%), personal/comm auto (20.3%), comm multi (3.6%), other (2.1%)
Licensed in:
CO, ID, KS, MO, MT, ND, NE, SD
Principal Investments:
Investment grade bonds (99.1%), other (0.9%)
Corporate Info
Group Affiliation
Farmers Alliance Mutual Ins Co
Investment Rating
--
Company Address
1122 North Main Street
McPherson, KS 67460
McPherson, KS 67460
Phone Number
(620) 241-2200
NAIC Number
19186
Website
Largest Affiliates