Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite operating losses during 2024. Return on equity has been fair, averaging 7.5% over the past five years. Good overall results on stability tests (5.5) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.2% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (1.6%), other (98.4%)
Licensed in:
All states and Canada
Principal Investments:
Investment grade bonds (92.7%), preferred stock (3.5%), cash (2.0%), non investment grade bonds (0.7%), other (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
One American Road
Dearborn, MI 48126
Dearborn, MI 48126
Phone Number
(313) 337-1102
NAIC Number
19631
Website
Largest Affiliates
No affiliate information available.