B
UNITED SERVICES AUTOMOBILE ASN
San Antonio, TX
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.50
Risk Adjusted
Capital Ratio #2
1.41
Loss
Ratio
79.70%
Total
Assets
45.04B
Capital
33.03B
Net
Premiums
6.45B
Net
Income
272.76M
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Major Rating Factors: History of adequate reserve strength (6.0 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 overall results on stability tests (4.8). Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability (7.3) with operating gains in each of the last five years.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (57.8%), homeowners (34.3%), fire (1.2%), other (6.7%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Common stock (62.2%), investment grade bonds (25.7%), real estate (2.8%), non investment grade bonds (0.6%), other (8.7%)
Ratios
Premium to Surplus
27.7%
Reserve to Surplus
13.5%
1-Year Reserve Development
0.1%
2-Year Reserve Development
0.2%
Expense Ratio
14.8%
Combined Ratio
94.5%
Cash From Underwriting
115.6%
Net Premium Growth
5.2%
Investments in Affiliates
59.6%
Corporate Info
Group Affiliation
USAA Group
Investment Rating
--
Company Address
9800 Fredericksburg Road
San Antonio, TX 78288
Phone Number
(210) 531-8722
NAIC Number
25941
Largest Affiliates
A
San Antonio, TX - L&A
B
San Antonio, TX - P&C
B
San Antonio, TX - P&C
B
San Antonio, TX - P&C
B
San Antonio, TX - P&C
Weiss Ratings