Major Rating Factors:
Poor long-term capitalization index (1.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.2) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 17.5% and 124.0% deficient. Fair profitability index (4.0) with operating losses during 2022, 2023 and 2024.
Other Rating Factors:
Fair overall results on stability tests (4.5) including excessive premium growth and weak risk adjusted capital in prior years. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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 (92.2%), common stock (2.0%), cash (0.7%), other (5.2%)
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.