Great American Alliance Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.8) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with American Financial Group Inc. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.5% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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:
Work comp (57.1%), comm multi (7.7%), product liab. (3.6%), personal/comm auto (2.3%), farmowners (1.6%), fin guar/surety (0.7%), fire (0.2%), other (26.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (87.5%), other (12.5%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
301 East Fourth Street
Cincinnati, OH 45202
Cincinnati, OH 45202
Phone Number
(513) 369-5000
NAIC Number
26832
Website
Largest Affiliates