Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2020. 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 1.2% of capital.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, UT
Principal Investments:
Investment grade bonds (82.8%), cash (6.5%), preferred stock (1.5%), non investment grade bonds (1.1%), other (8.1%)
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
No affiliate information available.