Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including potential drain of affiliation with American Family Ins Group and weak results on operational trends. Fair profitability index (4.8). Good expense controls. Return on equity has been low, averaging 1.7% over the past five years.
Other Rating Factors:
Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.5%), other (0.5%)
Licensed in:
All states except AZ, CO, HI, NE, NV, NM, OK, UT, WY, PR
Principal Investments:
Investment grade bonds (97.5%), other (2.5%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
8040 EXCELSIOR DRIVE SUITE 400
MADISON, WI 53717
MADISON, WI 53717
Phone Number
(414) 369-5033
NAIC Number
13927
Website
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