Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2023. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (6.6) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (56.9%), comm multi (25.8%), work comp (12.6%), other (4.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (97.8%), cash (1.0%), other (1.2%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
225 West Washington Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(888) 466-7883
NAIC Number
21849
Website
Largest Affiliates