Addison Ins Co
Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.5) with operating losses during 2020 and 2023. Return on equity has been low, averaging 1.1% over the past five years. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (27.1%), product liab. (10.0%), work comp (6.7%), fire (6.1%), comm multi (3.1%), fin guar/surety (1.6%), homeowners (0.4%), other (44.9%)
Licensed in:
CO, FL, IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, PA, SD, TX, WI
Principal Investments:
Investment grade bonds (95.7%), cash (3.6%), other (0.7%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
10324
Website
Largest Affiliates