Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.3) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 28.0% and 86.0% deficient respectively. Fair profitability index (3.6) with operating losses during 2023. Return on equity has been low, averaging 2.7% over the past five years.
Other Rating Factors:
Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL, AR, AZ, CO, GA, IL, IN, LA, MS, NM, NV, OK, TX, UT
Principal Investments:
Investment grade bonds (73.5%), common stock (14.8%), cash (6.4%), real estate (3.3%), non investment grade bonds (1.0%), other (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
724 Enterprise Drive
Oak Brook, IL 60523
Oak Brook, IL 60523
Phone Number
(630) 423-3130
NAIC Number
14254
Website
Largest Affiliates
No affiliate information available.