Major Rating Factors:
Strong long-term capitalization index (9.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (6.3) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.7) with operating losses during 2021 and 2022. Return on equity has been low, averaging 2.2% over the past five years.
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 (100.0%)
Licensed in:
IL, LA
Principal Investments:
Investment grade bonds (98.1%), cash (1.2%), non investment grade bonds (0.7%)
Corporate Info
Group Affiliation
Safeway Financial Holding Co
Investment Rating
--
Company Address
790 Pasquinelli Drive
Westmont, IL 60559
Westmont, IL 60559
Phone Number
--
NAIC Number
10248
Website
Largest Affiliates