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), although results have slipped from the fair range over the last two years. Weak profitability index (0.0) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -688.4%. Vulnerable liquidity (0.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.0) 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 high at 3.7% of capital. Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. 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.
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 (102.3%)
Licensed in:
IN, KY, TN
Principal Investments:
Investment grade bonds (91.4%), preferred stock (7.6%), common stock (1.0%)
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
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Company Address
2416 Sir Barton Way
Lexington, KY 40509
Lexington, KY 40509
Phone Number
(859) 367-5200
NAIC Number
29149
Website
Largest Affiliates
No affiliate information available.