Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2022. Average return on equity over the last five years has been poor at -0.1%. Vulnerable liquidity (0.4) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.5) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is excessive at 5.3% of capital. Fair long-term capitalization index (4.6) based on fair current risk adjusted capital (moderate loss scenario). Fair reserve development (4.1) as the level of reserves has at times been insufficient to cover claims. In 2019 and 2018 the two year reserve development was 46% and 66% deficient respectively.
Stability Factors:
F - Negative cash flow.
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 (100.0%)
Licensed in:
AZ, AR, GA, IL, IN, IA, KY, MS, NV, OH, OK, OR, RI, SC, TX, UT
Principal Investments:
Investment grade bonds (90.3%), real estate (2.2%), preferred stock (1.9%), other (5.6%)
Corporate Info
Group Affiliation
American Access Group LLC
Investment Rating
Company Address
2211 Butterfield Road Suite 20
DOWNERS GROVE, IL 60515
DOWNERS GROVE, IL 60515
Phone Number
(630) 354-7247
NAIC Number
10730
Website
Largest Affiliates
