Armed Forces Ins Exchange
Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2020, 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -18.3%. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.2) despite negative cash flow from operations for 2024. Stability strengths include good operational trends, good risk adjusted capital for prior years and good risk diversification. The largest net exposure for one risk is acceptable at 3.0% of capital. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (84.6%), fire (2.6%), other (12.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (70.6%), common stock (18.4%), cash (3.6%), non investment grade bonds (3.1%), preferred stock (1.5%), other (2.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
550 Eisenhower Road
Leavenworth, KS 66048
Leavenworth, KS 66048
Phone Number
(913) 727-5500
NAIC Number
41459
Website
Largest Affiliates
No affiliate information available.