Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2024. Average return on equity over the last five years has been poor at -0.5%.
Other Rating Factors:
Fair overall results on stability tests (4.5) including weak risk adjusted capital in prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (69.5%), comm multi (9.7%), fire (1.9%), other (18.9%)
Licensed in:
IL, NJ, NY
Principal Investments:
Cash (49.3%), investment grade bonds (29.3%), other (21.4%)
Corporate Info
Group Affiliation
United Holding Co Ltd
Investment Rating
--
Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
11622
Website
Largest Affiliates
No affiliate information available.