Evergreen Legal Expense Ins Co
Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Poor long-term capitalization index (2.7) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2021. Ample reserve history (9.8) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (9.2). Excellent liquidity (8.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, FL
Principal Investments:
Cash (100.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
5366 Plainfield Avenue, NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(616) 406-5625
NAIC Number
16794
Website
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Largest Affiliates
No affiliate information available.