Major Rating Factors:
Vulnerable liquidity (1.9 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair long-term capitalization index (4.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good overall profitability index (5.2) with small operating losses during 2021.
Other Rating Factors:
Good overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Ample reserve history (8.4) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (1.4%), homeowners (0.6%), other (98.0%)
Licensed in:
All states except AK, DC, HI, ME, NY
Principal Investments:
Investment grade bonds (71.9%), non investment grade bonds (7.0%), common stock (2.8%), real estate (0.9%), other (17.5%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
7333 Sunwood Drive
Ramsey, MN 55303
Ramsey, MN 55303
Phone Number
(800) 362-5448
NAIC Number
25240
Website
Largest Affiliates