Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.7).
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (44.3%), work comp (10.9%), product liab. (6.9%), fire (3.8%), homeowners (2.0%), fin guar/surety (0.2%), other (31.9%)
Licensed in:
AK, AZ, CO, HI, IA, ID, IL, IN, KS, MN, MO, MT, ND, NE, NV, OH, OR, SD, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (94.7%), preferred stock (2.2%), non investment grade bonds (1.4%), other (1.7%)
Corporate Info
Group Affiliation
Western National Ins Group
Investment Rating
--
Company Address
Edina Corporate Center
Edina, MN 55435
Edina, MN 55435
Phone Number
(952) 835-5350
NAIC Number
24465
Website
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