Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been fair, averaging 14.9% over the past five years. Good overall results on stability tests (5.2) despite excessive premium growth and negative cash flow from operations for 2023. Strengths include potentially strong support from affiliation with Sentry Mutual Holding Co.
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. Vulnerable liquidity (2.6) as a spike in claims may stretch capacity.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, CA, DC, DE, HI, ID, ME, MI, MN, MT, NM, NY
Principal Investments:
Cash (35.7%), common stock (32.6%), investment grade bonds (31.5%), other (0.2%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
--
Investments in Affiliates
Corporate Info
Group Affiliation
Sentry Mutual Holding Co
Investment Rating
--
Company Address
2636 Elm Hill Pike
Nashville, TN 37214
Nashville, TN 37214
Phone Number
(615) 242-1961
NAIC Number
22906
Website
Largest Affiliates