Circle Star Ins Co A RRG
Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including excessive premium growth and weak risk diversification. The largest net exposure for one risk is acceptable at 2.7% of capital. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.2) despite operating losses during 2022. Excellent expense controls. Superior liquidity (9.4) 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 (87.5%), other (12.5%)
Licensed in:
VT
Principal Investments:
Cash (46.3%), investment grade bonds (33.8%), common stock (16.7%), other (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
2200 Abbott Drive
Carter Lake, IA 51510
Carter Lake, IA 51510
Phone Number
(866) 550-2206
NAIC Number
11839
Website
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