Major Rating Factors:
Fair quality investment portfolio (3.6 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Fair Liquidity (4.5) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Poor capitalization (2.8) based on weak risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Weak profitability (1.0) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.8).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AZ, AR, CA, CO, FL, IL, IN, IA, KS, KY, MD, MI, MN, MO, NE, NM, NC, ND, OH, OK, PA, SC, SD, TX, VA, WA, WI
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Automobile Club of Michigan Group
Investment Rating
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Company Address
1 Auto Club Drive
Dearborn, MI 48126
Dearborn, MI 48126
Phone Number
(313) 336-1234
NAIC Number
84522
Website
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Largest Affiliates