Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 4.0% over the past five years. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.2) despite negative cash flow from operations for 2023. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (19.4%), work comp (15.7%), fin guar/surety (11.2%), comm multi (4.2%), personal/comm auto (2.9%), fire (1.0%), product liab. (0.5%), farmowners (0.4%), other (44.8%)
Licensed in:
All states except AK, CT, HI
Principal Investments:
Cash (74.1%), investment grade bonds (1.0%), non investment grade bonds (0.2%), other (24.6%)
Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
--
Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
28258
Website
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Largest Affiliates