Amer Inter-Fidelity Exchange
Major Rating Factors:
History of adequate reserve strength (6.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite negative cash flow from operations for 2023. Stability strengths include good historical capital adequacy and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 19.5%.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (93.7%), other (6.3%)
Licensed in:
AL, AR, CO, FL, GA, IA, IL, IN, KS, KY, MD, MN, MO, MS, NC, NE, OH, OK, OR, PA, SC, TN, TX, WI, WV
Principal Investments:
Investment grade bonds (70.3%), common stock (14.3%), cash (3.1%), preferred stock (0.6%), non investment grade bonds (0.6%), real estate (0.3%), other (10.7%)
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
9223 Broadway
Merrillville, IN 46410
Merrillville, IN 46410
Phone Number
(219) 755-4567
NAIC Number
40088
Largest Affiliates
No affiliate information available.