Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Vulnerable liquidity (2.2) as a spike in claims may stretch capacity. Fair reserve development (3.3) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 30.5% and 74.3%.
Other Rating Factors:
Fair profitability index (3.5) with operating losses during 2021, 2022, 2023 and 2024. Good overall results on stability tests (5.6) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (78.5%), homeowners (21.5%)
Licensed in:
FL, GA, IL, IN, LA, MS, NM, TN, UT
Principal Investments:
Common stock (41.5%), investment grade bonds (25.2%), cash (5.1%), other (28.2%)
Corporate Info
Group Affiliation
Producers National Corporation
Investment Rating
--
Company Address
8725 W. Higgins Road
Chicago, IL 60631
Chicago, IL 60631
Phone Number
(773) 299-7500
NAIC Number
10655
Website
Largest Affiliates