Major Rating Factors:
Good liquidity (5.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2022 and 2023. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (55.8%), homeowners (24.6%), comm multi (11.5%), work comp (2.6%), fire (0.6%), other (4.8%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (81.6%), common stock (10.0%), non investment grade bonds (2.4%), other (6.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Michigan Farm Bureau
Investment Rating
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Company Address
7373 West Saginaw Highway
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-7000
NAIC Number
21547
Website
Largest Affiliates