Safe Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including. Good overall profitability index (5.2). 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.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (47.7%), fire (39.2%), other (13.1%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (51.2%), common stock (20.3%), cash (10.4%), preferred stock (5.7%), non investment grade bonds (1.0%), other (11.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1017 Sixth Avenue
Huntington, WV 25701
Huntington, WV 25701
Phone Number
(304) 529-2771
NAIC Number
15415
Website
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