Gateway Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. A history of deficient reserves (1.2) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 26.7% and 85.1%. Weak profitability index (1.1) with operating losses during each of the last five years.
Other Rating Factors:
Weak overall results on stability tests (2.2) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 8.9% of capital. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, CT, MA, ME, NJ, OR, RI
Principal Investments:
Investment grade bonds (82.3%), other (17.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
15255 South 94th Avenue
Orland Park, IL 60462
Orland Park, IL 60462
Phone Number
(844) 282-7733
NAIC Number
28339
Largest Affiliates
There are no affiliate to display.