Major Rating Factors:
Vulnerable liquidity (2.5 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair profitability index (4.2) with operating losses during 2022. Fair overall results on stability tests (4.4) including weak results on operational trends and fair risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.9%), homeowners (0.1%)
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 (62.9%), common stock (29.6%), cash (1.3%), preferred stock (0.7%), non investment grade bonds (0.1%), other (5.4%)
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