American Millennium Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.9) that places pressure on both capital and profits. In 2024 and 2025 the one year reserve development was 18.0% and 34.9% deficient respectively. Fair profitability index (3.7) with operating losses during 2021 and 2022.
Other Rating Factors:
Fair overall results on stability tests (3.3) including weak risk adjusted capital in prior years and excessive premium growth. The largest net exposure for one risk is high at 4.0% of capital. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.2%), other (0.8%)
Licensed in:
AZ, DC, FL, ME, NC, NJ, PA, SC, TX
Principal Investments:
Cash (51.6%), investment grade bonds (47.2%), preferred stock (0.7%), common stock (0.3%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1011 Route 22 West
Bridgewater, NJ 08807
Bridgewater, NJ 08807
Phone Number
(973) 628-6060
NAIC Number
26140
Website
Largest Affiliates
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