B
Nodak Ins Co
FargoND
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.8) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.4) with operating losses during 2022. Return on equity has been low, averaging 1.1% over the past five years.
Other Rating Factors: Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (47.5%), homeowners (14.9%), comm multi (13.2%), farmowners (12.2%), fire (0.3%), other (12.0%)
Licensed in: MN, ND
Principal Investments: Investment grade bonds (72.8%), common stock (16.2%), cash (7.6%), real estate (2.3%), preferred stock (1.0%), other (0.2%)
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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
Nodak Mutual Group Inc
Investment Rating
Company Address
1101 First Avenue, North
Fargo, ND 58102
Phone Number
(701) 298-4200
NAIC Number
34592
Largest Affiliates
C
Owings Mills, MD - P&C
B
Chicago, IL - P&C
B
Fargo, ND - P&C
D
Fargo, ND - P&C
C
Spearfish, SD - P&C