USA Underwriters Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2021. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall profitability index (5.9) despite operating losses during 2021. Return on equity has been good over the last five years, averaging 19.4%.
Other Rating Factors:
Good overall results on stability tests (5.1) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, FL, MI, NV
Principal Investments:
Investment grade bonds (72.1%), non investment grade bonds (4.3%), real estate (3.8%), cash (2.0%), other (17.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 Hamilton Row
Birmingham, MI 48009
Birmingham, MI 48009
Phone Number
(248) 269-8228
NAIC Number
30457
Website
Largest Affiliates
No affiliate information available.