Major Rating Factors:
Good liquidity (6.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent profitability index (8.7).
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, UT
Principal Investments:
Investment grade bonds (79.0%), cash (7.5%), preferred stock (1.4%), non investment grade bonds (0.6%), common stock (0.4%), other (11.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4956 North 300 West
Provo, UT 84604
Provo, UT 84604
Phone Number
(801) 226-2662
NAIC Number
12256
Website
Largest Affiliates
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