D
ACIG INS CO
DallasIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Major Rating Factors: Weak overall results on stability tests (2.2 on a scale of 0 to 10) including potential drain of affiliation with American Contractors Ins Group Ltd, excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 5.9% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability (8.8) with operating gains in each of the last five years.
Stability Factors: 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: Work comp (97.7%), other (2.3%)
Licensed in: All states except NH, PR
Principal Investments: Investment grade bonds (68.3%), common stock (9.7%), non investment grade bonds (2.7%), cash (1.3%), preferred stock (0.3%), other (17.8%)
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2-Year Reserve Development
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Investments in Affiliates
Corporate Info
Group Affiliation
American Contractors Ins Group Ltd
Investment Rating
--
Company Address
411 Lake Zurich Road
Barrington, IL 60010
Phone Number
(800) 563-6051
NAIC Number
19984
Largest Affiliates
Weiss Ratings