B
ALFA ALLIANCE INS CORP
Montgomery, AL
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.40
Risk Adjusted
Capital Ratio #2
2.85
Loss
Ratio
65.90%
Total
Assets
36.17M
Capital
23.05M
Net
Premiums
10.16M
Net
Income
69.01K
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Major Rating Factors: Good overall results on stability tests (5.0 on a scale of 0 to 10). Strengths include potentially strong support from affiliation with Alfa Ins Group. Good overall profitability index (6.6). Fair expense controls. Return on equity has been low, averaging 1.5% over the past five years.
Other Rating Factors: Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (7.7) that can protect against increases in claims costs.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: --
Licensed in: GA, MD, SC, TN, VA
Principal Investments: Investment grade bonds (53.1%), common stock (16.3%), cash (1.9%), non investment grade bonds (1.1%), other (27.7%)
Ratios
Premium to Surplus
61.1%
Reserve to Surplus
22.9%
1-Year Reserve Development
-1.7%
2-Year Reserve Development
-1.9%
Expense Ratio
30.7%
Combined Ratio
96.6%
Cash From Underwriting
111.1%
Net Premium Growth
-2.4%
Investments in Affiliates
0.0%
Corporate Info
Group Affiliation
Alfa Ins Group
Investment Rating
--
Company Address
4480 Cox Road Suite 300
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
18791
Largest Affiliates
B
Montgomery, AL - P&C
B
Montgomery, AL - L&A
B
Montgomery, AL - P&C
B
Montgomery, AL - P&C
B
Montgomery, AL - P&C
Weiss Ratings