B
GREAT AMERICAN INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Assets
Capital
Net
Premiums
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Major Rating Factors: History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair overall results on stability tests (4.8) including potential drain of affiliation with American Financial Group Inc and weak results on operational trends. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability (9.0) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 17.2%.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Comm multi (4.2%), fin guar/surety (3.7%), personal/comm auto (1.4%), farmowners (0.6%), work comp (0.2%), fire (0.1%), other (89.7%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (53.0%), common stock (9.9%), preferred stock (3.2%), non investment grade bonds (2.7%), cash (0.5%), other (30.8%)
Ratios
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1-Year Reserve Development
2-Year Reserve Development
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Investments in Affiliates
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
AFG
Company Address
301 E Fourth Street
CINCINNATI, OH 45202
Phone Number
(513) 369-5092
NAIC Number
16691
Largest Affiliates
B
RICHFIELD, OH - P&C
B
RICHFIELD, OH - P&C
C
CINCINNATI, OH - P&C
Weiss Ratings