DAIRYLAND INS CO
Major Rating Factors:
Good overall profitability index (5.8 on a scale of 0 to 10). Fair expense controls. Return on equity has been fair, averaging 7.0% over the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair overall results on stability tests (4.7) including weak results on operational trends. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.8) that helps to protect the company against sharp claims increases.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except CA, PR
Principal Investments:
Investment grade bonds (95.0%), non investment grade bonds (0.3%), other (4.7%)