Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.6) with operating losses during 2022 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (30.7%), personal/comm auto (30.0%), work comp (12.8%), farmowners (8.2%), product liab. (4.3%), fire (0.2%), other (13.8%)
Licensed in:
AR, AZ, CO, IA, ID, IL, IN, KS, KY, MI, MN, MO, MT, ND, NE, NM, NV, OH, OK, OR, PA, SD, TN, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (65.9%), common stock (18.7%), non investment grade bonds (5.8%), real estate (4.3%), preferred stock (0.9%), cash (0.3%), other (4.1%)
Corporate Info
Group Affiliation
SECURA Ins Mutual Holding Co
Investment Rating
--
Company Address
1500 Mutual Way
Neenah, WI 54956
Neenah, WI 54956
Phone Number
(920) 739-3161
NAIC Number
22543
Website
Largest Affiliates