Major Rating Factors:
Strong long-term capitalization index (8.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall profitability index (7.0) with small operating losses during 2022. Return on equity has been fair, averaging 5.6% over the past five years.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.1) despite. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital.
Stability Factors:
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 (43.0%), homeowners (27.3%), fire (10.2%), fin guar/surety (0.8%), other (18.7%)
Licensed in:
AL, AR, GA, KS, MO, MS, MT, OK, OR, TN, TX
Principal Investments:
Investment grade bonds (40.4%), common stock (27.1%), cash (9.5%), real estate (4.6%), other (18.3%)
Corporate Info
Group Affiliation
Biglari Holdings Inc
Investment Rating
--
Company Address
2816 Longview Drive
Jonesboro, AR 72401
Jonesboro, AR 72401
Phone Number
(870) 336-3100
NAIC Number
16047
Website
Largest Affiliates