Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability index (3.9) with operating losses during 2022 and 2023. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (30.3%), comm multi (28.3%), work comp (14.3%), farmowners (8.0%), product liab. (4.1%), homeowners (1.9%), fire (0.2%), other (12.8%)
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 (64.9%), common stock (18.4%), non investment grade bonds (6.7%), real estate (4.9%), cash (0.9%), preferred stock (0.7%), other (3.4%)
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