Major Rating Factors:
Fair long-term capitalization index (4.5 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. 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. Fair overall results on stability tests (3.9) including weak results on operational trends and weak risk adjusted capital in prior years.
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) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 42.7%.
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:
(No states)
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
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Largest Affiliates
No affiliate information available.