Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2021 and 2023. Fair overall results on stability tests (3.1) including. Strengths include potentially strong support from affiliation with Agraria Mutual Group Inc. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Farmowners (38.5%), homeowners (36.1%), comm multi (9.6%), fire (1.7%), personal/comm auto (0.6%), other (13.5%)
Licensed in:
AR
Principal Investments:
Cash (86.4%), investment grade bonds (12.7%), common stock (1.0%)
Corporate Info
Group Affiliation
Agraria Mutual Group Inc
Investment Rating
--
Company Address
1415 12th Ave SE
Jamestown, ND 58401
Jamestown, ND 58401
Phone Number
(701) 252-2701
NAIC Number
37613
Website
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