Major Rating Factors:
Good liquidity (5.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.6) despite. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (3.8) with operating losses during 2022 and 2025. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (41.8%), homeowners (22.0%), farmowners (17.2%), comm multi (3.3%), fire (0.4%), other (15.3%)
Licensed in:
MN, ND
Principal Investments:
Investment grade bonds (68.3%), common stock (15.5%), cash (10.5%), real estate (2.1%), preferred stock (1.0%), non investment grade bonds (0.3%), other (2.3%)
Corporate Info
Group Affiliation
Nodak Mutual Group Inc
Investment Rating
Company Address
1101 First Avenue, North
Fargo, ND 58102
Fargo, ND 58102
Phone Number
(701) 298-4200
NAIC Number
34592
Website
Largest Affiliates