Major Rating Factors:
Weak overall results on stability tests (0.4 on a scale of 0 to 10) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is excessive at 25.7% of capital. Fair long-term capitalization index (4.5) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2019. Fair reserve development (4.2) as the level of reserves has at times been insufficient to cover claims. In 2022 and 2021 the one year reserve development was 17.3% and 32.4% deficient respectively.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (9.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (27.6%), comm multi (6.3%), homeowners (6.0%), personal/comm auto (6.0%), other (54.1%)
Licensed in:
VI
Principal Investments:
Other (100%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
200 West Main Street
Frankfort, KY 40601
Frankfort, KY 40601
Phone Number
(502) 875-5940
NAIC Number
15642
Website
--
Largest Affiliates
No affiliate information available.