Major Rating Factors:
Weak overall results on stability tests (1.9 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is excessive at 14.9% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.7) despite operating losses during 2018. Return on equity has been good over the last five years, averaging 19.6%. Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (7.9%), fire (5.1%), med mal (0.3%), other (86.7%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (99.8%), cash (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
181 West Madison St Suite 3730
CHICAGO, IL 60602
CHICAGO, IL 60602
Phone Number
(502) 875-5940
NAIC Number
15792
Website
Largest Affiliates
No affiliate information available.
