Safe Auto Ins Co
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2020, 2022, 2023 and the first three months of 2025. Return on equity has been fair, averaging 8.6% over the past five years. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.3) despite excessive premium growth. Stability strengths include good historical capital adequacy and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. 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 (100.0%)
Licensed in:
AL, AR, AZ, CA, CO, CT, GA, IL, IN, KS, KY, LA, MD, MN, MO, MS, NV, OH, OK, PA, SC, TN, TX, VA
Principal Investments:
Common stock (60.1%), investment grade bonds (34.6%), cash (1.8%), non investment grade bonds (1.3%), other (2.2%)
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
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
25405
Website
Largest Affiliates