Major Rating Factors:
Strong long-term capitalization index (8.1 on a scale of 0 to 10) 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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.7) with operating losses during 2022 and 2023. Return on equity has been low, averaging 2.8% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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.