Alfa General Ins Corp
Major Rating Factors:
Good liquidity (6.2 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.0) with operating losses during 2023. Return on equity has been low, averaging 2.1% over the past five years. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.7%), homeowners (35.4%), comm multi (2.1%), farmowners (2.0%), fire (0.2%), other (2.5%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (53.8%), common stock (29.7%), preferred stock (1.9%), cash (1.6%), non investment grade bonds (0.5%), other (12.5%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
41661
Website
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