Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.1). Excellent expense controls. Good overall results on stability tests (6.6) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (77.9%), cash (21.2%), other (1.0%)
Corporate Info
Group Affiliation
Zurich Ins Group AG
Investment Rating
--
Company Address
3501 Thurston Avenue
Anoka, MN 55303
Anoka, MN 55303
Phone Number
(763) 427-0290
NAIC Number
39039
Website
Largest Affiliates