Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 2.0% of capital. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (99.9%), other (0.1%)
Licensed in:
DC, DE, GA, IA, IL, IN, KY, LA, MD, MO, MS, MT, ND, NE, NH, NM, OH, OK, OR, PA, TN, TX, UT, VA, WV
Principal Investments:
Investment grade bonds (57.8%), cash (7.6%), other (34.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8801 Park Central Drive
Richmond, VA 23227
Richmond, VA 23227
Phone Number
(804) 955-1700
NAIC Number
13688
Website
Largest Affiliates
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