West Virginia Natl Auto Ins Co
Major Rating Factors:
Weak profitability index (2.3 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.9%. Weak overall results on stability tests (2.6) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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:
AL, KY, MS, TX, VA, WV
Principal Investments:
Investment grade bonds (96.1%), cash (0.8%), other (3.1%)
Corporate Info
Group Affiliation
Warrior Invictus Holding Co Inc
Investment Rating
--
Company Address
330 Scott Avenue
Morgantown, WV 26508
Morgantown, WV 26508
Phone Number
(304) 296-0507
NAIC Number
10911
Website
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