Amer Contractors Ins Co RRG
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.4) despite excessive premium growth. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (9.1). Excellent expense controls. Superior liquidity (9.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (17.0%), other (83.0%)
Licensed in:
TX
Principal Investments:
Cash (51.1%), investment grade bonds (48.9%)
Corporate Info
Group Affiliation
American Contractors Ins Group Ltd
Investment Rating
--
Company Address
2600 North Central Expressway
Richardson, TX 75080
Richardson, TX 75080
Phone Number
(972) 702-9004
NAIC Number
12300
Website
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