Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2022. Excellent expense controls. Good overall results on stability tests (6.0) despite excessive premium growth and weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (99.7%), other (0.3%)
Licensed in:
All states except ID, NY
Principal Investments:
Investment grade bonds (95.7%), cash (0.1%), other (4.2%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Avenue
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(877) 249-7181
NAIC Number
17182
Website
Largest Affiliates