Insure Line Transportation Ins
Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Weak overall results on stability tests (0.0) including weak results on operational trends, excessive premium growth and weak risk diversification. The largest net exposure for one risk is excessive at 38.1% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (3.1) with operating losses during 2023 and 2024. 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.
E - Lack of operating experience.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 Century Park South
Birmingham, AL 35226
Birmingham, AL 35226
Phone Number
(334) 260-7774
NAIC Number
17512
Website
--
Largest Affiliates
No affiliate information available.