Key Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (2.3) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -3.7%. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
A history of deficient reserves (3.0) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 43.9% and 70.2%. Fair overall results on stability tests (3.0) including weak risk adjusted capital in prior years, negative cash flow from operations for 2023 and weak results on operational trends. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL, AZ, KS, MO, NV, OK
Principal Investments:
Investment grade bonds (98.8%), other (1.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8595 College Boulevard
Overland Park, KS 66210
Overland Park, KS 66210
Phone Number
(913) 663-5500
NAIC Number
12966
Website
Largest Affiliates
No affiliate information available.