Grain Dealers Mutual Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.1) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been good over the last five years, averaging 13.8%. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (44.9%), comm multi (30.8%), homeowners (20.4%), work comp (1.8%), other (2.2%)
Licensed in:
All states except AK, AL, CA, DC, FL, HI, ID, LA, MI, MN, ND, NV, NY, WV, WY
Principal Investments:
Investment grade bonds (99.2%), other (0.8%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
900 East 96th Street
Indianapolis, IN 46240
Indianapolis, IN 46240
Phone Number
(800) 207-0446
NAIC Number
22098
Website
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