Major Rating Factors:
Strong long-term capitalization index (7.2 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good profitability index (5.0) with small operating losses during 2020. Good overall results on stability tests (5.6) despite weak results on operational trends and lack of operational experience.
Stability Factors:
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (93.0%), fire (5.5%), homeowners (1.5%)
Licensed in:
--
Principal Investments:
Common stock (87.3%), cash (11.4%), investment grade bonds (1.3%)