PrimeOne Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. A history of deficient reserves (1.0) that places pressure on both capital and profits. In 2024 and 2025 the one year reserve development was 52.9% and 76.4% deficient respectively. Vulnerable liquidity (2.1) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.9) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 15.6% of capital. Fair profitability index (3.0) with operating losses during 2021, 2023, 2024 and 2025.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (33.1%), comm multi (21.3%), fire (0.4%), other (45.2%)
Licensed in:
AL, AZ, MI, NM, NV, TX, UT
Principal Investments:
Cash (76.2%), preferred stock (13.4%), investment grade bonds (8.3%), non investment grade bonds (2.0%)
Corporate Info
Group Affiliation
Freyja Holdings Inc
Investment Rating
--
Company Address
16100 N. 71st Street
Scottsdale, AZ 85254
Scottsdale, AZ 85254
Phone Number
(888) 310-4668
NAIC Number
13721
Website
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