Major Rating Factors:
Poor long-term capitalization index (0.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.9) with operating losses during 2020, 2021 and 2022.
Other Rating Factors:
Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.2) including weak risk adjusted capital in prior years, excessive premium growth, weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is acceptable at 2.4% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
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Principal Investments:
Cash (87.8%), investment grade bonds (4.9%), other (7.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
33 West Monroe Street Suite 50
CHICAGO, IL 60603
CHICAGO, IL 60603
Phone Number
NAIC Number
16524
Website
Largest Affiliates
No affiliate information available.
