Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.3) including weak results on operational trends and excessive premium growth. The largest net exposure for one risk is conservative at 1.2% of capital. Strong long-term capitalization index (7.6) 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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, LA, MA, NC, NJ, NV, NY, RI, VT, WY
Principal Investments:
Investment grade bonds (48.7%), cash (11.9%), common stock (2.9%), non investment grade bonds (2.3%), preferred stock (1.1%), other (33.1%)
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
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