Major Rating Factors: History of adequate reserve strength (6.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair profitability index (4.4) with operating losses during the first six months of 2022. Fair overall results on stability tests (4.6). Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (97.4%), acc & health (2.6%)
Licensed in: All states except PR
Principal Investments: Common stock (64.4%), investment grade bonds (29.8%), real estate (0.2%), preferred stock (0.1%), other (5.5%)