Major Rating Factors:
Poor long-term capitalization index (1.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (2.4) with operating losses during each of the last five years. Vulnerable liquidity (1.1) as a spike in claims may stretch capacity.
Other Rating Factors:
A history of deficient reserves (2.9). Underreserving can have an adverse impact on capital and profits. In four of the last five years reserves (two year development) were between 24.4% and 44.5% deficient. Good overall results on stability tests (5.0) including weak risk adjusted capital in prior years, negative cash flow from operations for 2025 and excessive premium growth. The largest net exposure for one risk is conservative at 1.7% of capital.
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.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (65.7%), homeowners (27.7%), comm multi (6.6%)
Licensed in:
AZ, IL
Principal Investments:
Investment grade bonds (34.0%), common stock (20.8%), cash (6.9%), other (38.3%)
Corporate Info
Group Affiliation
Producers National Corporation
Investment Rating
--
Company Address
8725 W. Higgins Road
Chicago, IL 60631
Chicago, IL 60631
Phone Number
(773) 458-1055
NAIC Number
14012
Website
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