Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 6.6% of capital. Good overall profitability index (5.8) despite operating losses during 2024. 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (5.1%), other (94.9%)
Licensed in:
All states and Canada
Principal Investments:
Investment grade bonds (93.1%), preferred stock (3.5%), cash (2.1%), non investment grade bonds (0.6%), other (0.8%)
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
There are no affiliate to display.