Major Rating Factors:
Poor long-term capitalization index (1.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.5) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 24.2% and 60.2% deficient respectively. Weak profitability index (1.0) with operating losses during each of the last five years.
Other Rating Factors:
Vulnerable liquidity (0.4) as a spike in claims may stretch capacity. Fair overall results on stability tests (4.9) including weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is acceptable at 2.7% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, AR, CA, CO, CT, HI, ID, KS, MA, ME, MN, MT, ND, NJ, NY, SC, SD, TN, VT, WA, WY
Principal Investments:
Investment grade bonds (50.3%), cash (15.0%), other (34.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
33 West Monroe Street
Chicago, IL 60603
Chicago, IL 60603
Phone Number
(773) 739-8117
NAIC Number
16524
Website
Largest Affiliates
No affiliate information available.