C
Auto Club Property-Casualty
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -8.0%. Good overall results on stability tests (5.5) despite negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with Auto Club Ins Association Group. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors: Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent liquidity (7.1) 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: Personal/comm auto (60.9%), homeowners (37.0%), comm multi (0.7%), work comp (0.1%), farmowners (0.1%), other (1.2%)
Licensed in: AL, IA, IL, IN, KS, KY, MI, MN, NC, ND, NE, OH, OK, SC, SD, VA, WV
Principal Investments: Investment grade bonds (98.8%), other (1.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
One Auto Club Drive
Dearborn, MI 48126
Phone Number
(313) 336-1234
NAIC Number
11983
Largest Affiliates
A
Dearborn, MI - P&C
C
Dearborn, MI - L&A
B
Tampa, FL - P&C
B
Dearborn, MI - P&C
B
Dearborn, MI - P&C