Cherokee Ins Co
Major Rating Factors:
Good liquidity (6.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.7). Excellent expense controls. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (52.1%), work comp (15.0%), fin guar/surety (0.1%), other (32.7%)
Licensed in:
All states except AK, DC, HI, NH, also licensed in Canada
Principal Investments:
Investment grade bonds (43.9%), common stock (34.2%), preferred stock (7.6%), non investment grade bonds (0.6%), other (13.6%)
Corporate Info
Group Affiliation
2020 Lindsay S Moroun Irrevocable Trust
Investment Rating
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Company Address
34200 Mound Road
Sterling Heights, MI 48310
Sterling Heights, MI 48310
Phone Number
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NAIC Number
10642
Website
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Largest Affiliates