Major Rating Factors:
Poor long-term capitalization index (1.7 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 profitability index (2.9) with operating losses during 2024. Weak overall results on stability tests (2.0) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is acceptable at 2.9% of capital.
Other Rating Factors:
Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (31.4%), common stock (10.0%), cash (0.7%), other (57.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5500 Pearl St.
Rosemont, IL 60018
Rosemont, IL 60018
Phone Number
(847) 261-8900
NAIC Number
17661
Website
Largest Affiliates
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