Austin Mutual Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (8.1) with small operating losses during 2021. Excellent expense controls.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Strengths include potentially strong support from affiliation with American Family Ins Group, good operational trends and excellent risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (46.2%), homeowners (19.2%), comm multi (17.3%), fire (0.3%), other (17.0%)
Licensed in:
All states except CA, CT, DC, GA, HI, MA, MD, ME, NH, NJ, NM, NV, NY, RI, VA, VT, WV
Principal Investments:
Investment grade bonds (97.0%), cash (0.3%), other (2.7%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
4601 Touchton Road, East
Jacksonville, FL 32246
Jacksonville, FL 32246
Phone Number
(800) 207-0446
NAIC Number
13412
Website
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