Hugo Ins Exchange
Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including excessive premium growth, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is acceptable at 2.9% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2020, 2021 and 2024. Return on equity has been low, averaging 0.5% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL, AR, LA, MS, TN
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8605 Santa Monica Blvd
West Hollywood, CA 90069
West Hollywood, CA 90069
Phone Number
(601) 981-4920
NAIC Number
36765
Website
Largest Affiliates
No affiliate information available.