Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -5.9%. Fair overall results on stability tests (3.3) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.3% of capital. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, CA, CO, CT, FL, HI, ID, IL, LA, MA, NC, NJ, NV, NY, RI, VT, WY
Principal Investments:
Investment grade bonds (57.4%), cash (7.3%), common stock (2.3%), preferred stock (2.2%), non investment grade bonds (2.1%), other (28.7%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
7910 Woodmont Ave
Bethesda, MD 20814
Bethesda, MD 20814
Phone Number
(202) 547-8700
NAIC Number
13293
Website
Largest Affiliates
No affiliate information available.