Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -5.3%. Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends and excellent risk diversification. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (1.6%), homeowners (0.8%), comm multi (0.3%), fire (0.2%), other (97.1%)
Licensed in:
All states except AK, DC, HI, ME, NY
Principal Investments:
Investment grade bonds (73.4%), common stock (10.6%), non investment grade bonds (6.5%), real estate (0.7%), other (8.9%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
7333 Sunwood Drive
Ramsey, MN 55303
Ramsey, MN 55303
Phone Number
(763) 427-3770
NAIC Number
25240
Website
Largest Affiliates