Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) despite weak risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with Goodville Mutual Ins Group, good operational trends and excellent risk diversification. Weak profitability index (2.8) with operating losses during 2022. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Farmowners (56.5%), homeowners (41.8%), other (1.6%)
Licensed in:
SD
Principal Investments:
Common stock (53.2%), cash (22.9%), investment grade bonds (15.5%), real estate (5.5%), preferred stock (2.0%), other (1.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Goodville Mutual Ins Group
Investment Rating
--
Company Address
120 Calumet Avenue, SE
De Smet, SD 57231
De Smet, SD 57231
Phone Number
(605) 854-3732
NAIC Number
31445
Website
Largest Affiliates