Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging 1.7% over the past five years. Good long-term capitalization index (6.1) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) despite fair risk adjusted capital in prior years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.7%), homeowners (0.3%)
Licensed in:
AL, AR, AZ, CA, CO, FL, GA, IA, IL, IN, KS, KY, LA, MO, MS, NM, NV, OH, OK, PA, SC, TN, TX, UT, VA, WV
Principal Investments:
Investment grade bonds (58.2%), common stock (32.9%), cash (2.0%), preferred stock (0.2%), other (6.7%)
Corporate Info
Group Affiliation
First Acceptance Corporation
Investment Rating
Company Address
3813 Green Hills Village Drive
Nashville, TN 37215
Nashville, TN 37215
Phone Number
(615) 327-4888
NAIC Number
10336
Website
Largest Affiliates