Major Rating Factors:
Fair reserve development (4.2 on a scale of 0 to 10) 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. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. 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:
(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
--
Largest Affiliates
No affiliate information available.