United Automobile Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. A history of deficient reserves (0.3) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 45.6% and 164.6% deficient. Fair profitability index (3.4) with operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 0.7% over the past five years.
Other Rating Factors:
Good overall results on stability tests (6.2) despite negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AR, AZ, FL, GA, IL, IN, KS, KY, LA, MS, NE, NV, OK, PA, SC, UT
Principal Investments:
Investment grade bonds (70.6%), cash (6.2%), other (23.2%)
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
--
Company Address
1313 North West 167th Street
Miami Gardens, FL 33169
Miami Gardens, FL 33169
Phone Number
(305) 940-7299
NAIC Number
35319
Website
Largest Affiliates
No affiliate information available.