Circle Star Ins Co A RRG
Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 6.7% of capital. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.6) despite operating losses during 2022. Excellent expense controls. Return on equity has been fair, averaging 5.0% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.8) 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 (93.3%), other (6.7%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (37.9%), cash (19.1%), common stock (13.2%), other (29.8%)
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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Largest Affiliates
No affiliate information available.