Direct General Ins Co
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 2.6% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.8) including excessive premium growth.
Other Rating Factors:
Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (98.7%), other (1.3%)
Licensed in:
AL, CA, FL, GA, IL, IN, KS, MO, MS, OK, PA, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (89.2%), other (10.8%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
42781
Website
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