Major Rating Factors:
Fair reserve development (4.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (4.4) including negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.4% of capital.
Other Rating Factors:
Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (46.0%), homeowners (30.6%), farmowners (7.1%), comm multi (1.5%), fire (0.2%), other (14.6%)
Licensed in:
ID, MN, MT, ND, OR, SD, WA, WI
Principal Investments:
Investment grade bonds (88.7%), cash (9.9%), other (1.4%)
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
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