MSA Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.0) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.3% over the past five years. Good overall results on stability tests (6.3) despite excessive premium growth and negative cash flow from operations for 2024. Other stability subfactors include potentially strong support from affiliation with American Family Ins Group, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (99.0%), other (1.0%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (99.2%), other (0.8%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
4601 Touchton Road, East
Jacksonville, FL 32246
Jacksonville, FL 32246
Phone Number
(800) 207-0446
NAIC Number
11066
Website
Largest Affiliates