Integon Preferred Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2022 and 2024. Return on equity has been low, averaging 1.1% over the past five years.
Other Rating Factors:
Fair overall results on stability tests (4.0) including excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (99.7%), other (0.3%)
Licensed in:
CA, CT, DC, FL, MD, ME, NC, NH, NY, OH, RI, SC, VA, VT, WA
Principal Investments:
Investment grade bonds (93.9%), other (6.1%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
31488
Website
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