American Heartland Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Fair overall results on stability tests (3.1) including weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.8% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (7.0) despite operating losses during 2022. Return on equity has been good over the last five years, averaging 11.4%. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (100.0%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (43.5%), cash (2.7%), other (53.8%)
Corporate Info
Group Affiliation
United Equitable Group Ltd
Investment Rating
--
Company Address
9040 Waukegan Road
Morton Grove, IL 60053
Morton Grove, IL 60053
Phone Number
(847) 583-4600
NAIC Number
10031
Website
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