In 2004 NAU set out on a strategy to grow its policyholder surplus, strengthen its finances and become less reliant on reinsurance to improve its long term profitability and stability in the market place.   Already rated A- (excellent) by A.M. Best because of our superior operating philosophy and reinsurance support, we targeted a capital level of $50,000,000 a substantial increase over the $11,388,000 in surplus the Company had in early 2004.

With our Lightyear partnership in 2005, we immediately reached our goal, closing the books at $64,340,000 of surplus at December 31, 2005.  We continue to expand our base as more agents and producers are finding out about our superior service and loss payment capabilities and we will continue to invest in our future.   As the number three writer of Federal multi-peril crop insurance (ranked by 2007 premiums), our investment into our Company surplus has kept pace with our growth goals.  We are proud to post $198,320,437 of surplus on NAU Country Insurance Company’s December 31, 2007 financial statements.  This reflects our continuing commitment to be the strongest crop insurance company in the industry.

For more information on our A.M. Best rating, you can follow the link below.

James R. Korin
CFO