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. Good overall results on stability tests (6.9) despite. Fair profitability index (4.5) with operating losses during 2020 and 2023.
Other Rating Factors:
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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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