Major Rating Factors:
Poor long-term capitalization index (1.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). A history of deficient reserves (0.1) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 56.8% and 130.2% deficient. Weak profitability index (2.5) with operating losses during each of the last five years.
Other Rating Factors:
Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Stability strengths include good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (59.5%), fire (7.6%), other (32.9%)
Licensed in:
IL, IN, MI, SD
Principal Investments:
Investment grade bonds (74.2%), common stock (6.1%), non investment grade bonds (2.4%), other (17.3%)
Corporate Info
Group Affiliation
Bishop Street Underwriters LLC
Investment Rating
--
Company Address
3001 W. Big Beaver Road
Troy, MI 48048
Troy, MI 48048
Phone Number
(248) 509-9202
NAIC Number
29734
Largest Affiliates