Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.4) with operating losses during each of the last five years. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.8) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 3.2% of capital. A history of deficient reserves (2.9). Underreserving can have an adverse impact on capital and profits. In 2024 the one year reserve development was 164.1% deficient.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.9%), homeowners (0.2%)
Licensed in:
IN, KY, TN
Principal Investments:
Investment grade bonds (77.9%), preferred stock (7.3%), cash (5.1%), common stock (0.9%), other (8.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2416 Sir Barton Way
Lexington, KY 40509
Lexington, KY 40509
Phone Number
(859) 367-5200
NAIC Number
29149
Website
Largest Affiliates
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