Major Rating Factors:
Strong long-term capitalization index (8.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Good overall profitability index (6.2) despite operating losses during 2022 and 2023.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (68.0%), homeowners (29.5%), fire (1.7%), other (0.8%)
Licensed in:
UT
Principal Investments:
Investment grade bonds (82.7%), common stock (9.3%), real estate (1.1%), non investment grade bonds (0.2%), other (6.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
778 East Winchester Street
Murray, UT 84107
Murray, UT 84107
Phone Number
(801) 267-5000
NAIC Number
13471
Website
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