Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall profitability index (6.0) despite operating losses during 2023. Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (57.5%), homeowners (32.3%), farmowners (5.8%), comm multi (2.1%), fire (0.6%), work comp (0.4%), other (1.3%)
Licensed in:
IN, MI
Principal Investments:
Investment grade bonds (60.1%), common stock (30.1%), cash (3.1%), non investment grade bonds (0.5%), real estate (0.4%), other (5.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1510 North Elms Road
Flint, MI 48532
Flint, MI 48532
Phone Number
(810) 733-2300
NAIC Number
18309
Website
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