Indepdce Pet Ins Co
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7). Fair overall results on stability tests (3.7) including excessive premium growth, weak results on operational trends and lack of operational experience.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except CA, CT, FL, HI, ID, ME, MI, MN, NJ, OR, SC, SD, VT, WA, WY
Principal Investments:
Investment grade bonds (95.0%), cash (2.5%), other (2.5%)
Corporate Info
Group Affiliation
Agnaten SE
Investment Rating
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Company Address
11333 N. Scottsdale Road
Scottsdale, AZ 85254
Scottsdale, AZ 85254
Phone Number
(877) 559-7919
NAIC Number
17543
Website
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