National Unity Ins Co
Major Rating Factors:
A history of deficient reserves (2.7 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 17.2% and 57.5% deficient. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.1) despite fair risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 20.2%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, CA, CO, GA, NM, NV, TX
Principal Investments:
Investment grade bonds (93.7%), common stock (2.1%), preferred stock (1.6%), real estate (1.3%), other (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Huebner Parke
San Antonio, TX 78248
San Antonio, TX 78248
Phone Number
(210) 479-8886
NAIC Number
19119
Website
Largest Affiliates
No affiliate information available.