Alfa Mutual General Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.1 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 (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.1% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.6%), homeowners (35.4%), comm multi (2.1%), farmowners (1.9%), fire (0.2%), other (2.8%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (66.1%), common stock (27.9%), non investment grade bonds (1.8%), cash (0.6%), preferred stock (0.5%), other (3.1%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
19151
Website
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