D
AF&L Ins Co
Rating Date
June 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Assets
Capital
Net
Premiums
Net
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Major Rating Factors: A history of deficient reserves (2.2 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 19.8% and 40.0% deficient. Weak profitability index (2.0) with operating losses during 2022, 2023 and 2024. Fair liquidity (4.3) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors: Fair overall results on stability tests (3.3) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2024.
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. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: DE, GA, IL, IN, KS, KY, MO, MT, NE, OK, OR, PA, SC, SD, TX, VA, WV
Principal Investments: Investment grade bonds (95.6%), non investment grade bonds (3.9%), cash (0.4%)
Ratios
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Af&L Holdings LLC
Investment Rating
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Company Address
580 Virginia Drive
Fort Washington, PA 19034
Phone Number
(215) 918-0515
NAIC Number
35963
Largest Affiliates
No affiliate information available.