D
COUNTRY-WIDE INS CO
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: A history of deficient reserves (0.9 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 64% and 48% deficeint. Weak profitability index (1.8) with operating losses during 2021. Average return on equity over the last five years has been poor at -2.5%.
Other Rating Factors: Weak overall results on stability tests (1.5) including weak results on operational trends. Fair long-term capitalization index (3.6) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (100.0%)
Licensed in: NY
Principal Investments: Investment grade bonds (95.6%), cash (3.2%), preferred stock (0.8%), common stock (0.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
40 Wall Street
New York, NY 10005
Phone Number
(212) 514-7000
NAIC Number
10839
Largest Affiliates
No affiliate information available.
Weiss Ratings