Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -0.8%. Fair overall results on stability tests (4.6) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.0% of capital. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (7.8) 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:
Personal/comm auto (54.7%), homeowners (25.4%), farmowners (6.0%), comm multi (4.8%), fire (0.2%), other (9.0%)
Licensed in:
ID, MN, MT, ND, OR, SD, WA, WI
Principal Investments:
Investment grade bonds (79.8%), cash (20.2%)
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
44270
Website
Largest Affiliates