Argonaut-Midwest Ins Co
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.6% over the past five years. Good overall results on stability tests (5.4) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (86.2%), work comp (13.2%), product liab. (0.4%), other (0.2%)
Licensed in:
All states except WY
Principal Investments:
Investment grade bonds (87.3%), cash (0.9%), other (11.8%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Argo Re Ltd
Investment Rating
--
Company Address
711 Broadway Street
San Antonio, TX 78215
San Antonio, TX 78215
Phone Number
(800) 470-7958
NAIC Number
19828
Website
Largest Affiliates