Safe Auto Ins Co
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (2.9) with operating losses during 2022 and 2023. Good overall results on stability tests (5.9) despite excessive premium growth. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (55.1%), investment grade bonds (39.0%), cash (3.4%), non investment grade bonds (1.2%), other (1.2%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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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