Major Rating Factors:
Fair capitalization (4.9 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario). Fair Liquidity (4.7) 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. Fair overall results on stability tests (4.0) including excessive premium growth and fair risk adjusted capital in prior years.
Other Rating Factors:
Good quality investment portfolio (5.7). Weak profitability (1.8) with investment income below regulatory standards in relation to interest assumptions of reserves.
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.
Principal Lines of Business:
Ind annuities (25.9%), group life (18.0%), group health (6.8%), ind health (0.2%), other (49.0%)
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