Gateway Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.3) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 26.7% and 85.1% deficient respectively. Weak profitability index (0.5) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -116.2%.
Other Rating Factors:
Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Weak overall results on stability tests (0.0) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 34.3% of capital.
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.
L - Past results on our liquidity tests.
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 (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (26.3%), other (73.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
15255 South 94th Avenue
Orland Park, IL 60462
Orland Park, IL 60462
Phone Number
(866) 514-2734
NAIC Number
28339
Largest Affiliates
No affiliate information available.