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 (5.3) with operating gains in each of the last five years. Return on equity has been low, averaging 3.4% over the past five years. 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. 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (47.5%), fire (39.3%), other (13.1%)
Licensed in:
WV
Principal Investments:
Investment grade bonds (51.7%), common stock (19.9%), cash (11.4%), preferred stock (7.0%), non investment grade bonds (1.0%), other (9.1%)
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
Largest Affiliates
No affiliate information available.