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 (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (8.6) with operating gains in each of the last five years.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (32.3%), work comp (11.2%), fire (6.1%), comm multi (5.9%), product liab. (2.4%), fin guar/surety (0.7%), other (41.4%)
Licensed in:
All states except HI, VT
Principal Investments:
Investment grade bonds (91.7%), non investment grade bonds (1.7%), preferred stock (0.2%), other (6.4%)
Corporate Info
Group Affiliation
Federated Mutual Ins Co
Investment Rating
--
Company Address
121 East Park Square
Owatonna, MN 55060
Owatonna, MN 55060
Phone Number
(507) 455-5200
NAIC Number
28304
Largest Affiliates