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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
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
--
Cash From Underwriting
--
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
24 E Washington st
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(800) 470-7958
NAIC Number
19828
Website
Largest Affiliates