Alinsco Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. Fair reserve development (3.4) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 28.1% deficient. Fair profitability index (3.9) with operating losses during 2021 and 2022. Average return on equity over the last five years has been poor at -3.3%.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (69.1%), common stock (2.9%), cash (1.8%), other (26.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6032 Lake Worth Boulevard
Fort Worth, TX 76135
Fort Worth, TX 76135
Phone Number
(817) 601-4189
NAIC Number
15449
Website
Largest Affiliates
No affiliate information available.