Noblr Reciprocal Exchange
Major Rating Factors:
Fair long-term capitalization index (4.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Weak profitability index (1.7) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -42.2%. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (5.6) despite negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AR, AZ, CO, FL, GA, HI, IA, IL, IN, KY, LA, MD, MO, MS, NM, NV, OH, OK, PA, TN, TX, UT, VA, WI
Principal Investments:
Investment grade bonds (81.0%), cash (8.2%), non investment grade bonds (0.4%), other (10.4%)
Corporate Info
Group Affiliation
United Services Automobile Association
Investment Rating
--
Company Address
9800 Fredericksburg Road
San Antonio, TX 78288
San Antonio, TX 78288
Phone Number
(210) 414-8982
NAIC Number
16461
Website
Largest Affiliates