Major Rating Factors:
Good overall results on stability tests (6.9 on a scale of 0 to 10) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.7) with operating losses during 2022 and 2023. Fair liquidity (3.5) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (71.9%), homeowners (25.9%), fire (1.3%), other (0.8%)
Licensed in:
UT
Principal Investments:
Investment grade bonds (84.3%), common stock (9.5%), real estate (1.2%), non investment grade bonds (0.4%), other (4.5%)
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
Largest Affiliates
No affiliate information available.