Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2024. Stability strengths include good risk diversification. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Weak profitability index (2.5) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -24.7%.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
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 (64.0%), cash (24.1%), other (12.0%)
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
No affiliate information available.