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 risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. Fair long-term capitalization index (4.4) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2021. Ample reserve history (9.7) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.5). Excellent liquidity (7.8) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, FL, MS
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5366 Plainfield Avenue, NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(616) 406-5625
NAIC Number
16794
Website
Largest Affiliates
There are no affiliate to display.