Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2021 and 2023. Return on equity has been fair, averaging 17.0% over the past five years. 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. Superior liquidity (9.8) 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 (53.3%), personal/comm auto (10.7%), comm multi (10.6%), homeowners (8.6%), fire (1.2%), other (15.6%)
Licensed in:
AR
Principal Investments:
Cash (70.7%), investment grade bonds (28.2%), common stock (1.2%)
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
Largest Affiliates