Standard P&C Ins Co
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is excessive at 139.0% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with operating losses during 2020. Return on equity has been low, averaging 0.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (51.2%), personal/comm auto (43.2%), farmowners (2.2%), fire (1.1%), other (2.2%)
Licensed in:
IA, IL, IN
Principal Investments:
Investment grade bonds (93.4%), other (6.6%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
15199
Website
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