Major Rating Factors:
Poor long-term capitalization index (1.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.6) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 17.5% and 124.1%. Fair profitability index (3.0) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -1.7%.
Other Rating Factors:
Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years and weak results on operational trends. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (92.9%), cash (0.2%), other (6.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8755 W. Higgins Rd.
Chicago, IL 60631
Chicago, IL 60631
Phone Number
(847) 916-3200
NAIC Number
13752
Largest Affiliates
No affiliate information available.