Major Rating Factors:
Weak profitability index (1.8 on a scale of 0 to 10) with operating losses during 2022, 2023 and the first six months of 2024. Return on equity has been low, averaging 2.8% over the past five years. Fair long-term capitalization index (4.3) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (4.9) including fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 3.0% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (71.9%), homeowners (24.2%), comm multi (0.8%), other (3.1%)
Licensed in:
IL, NJ
Principal Investments:
Investment grade bonds (79.7%), non investment grade bonds (8.5%), common stock (8.3%), other (3.5%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
100 N. Walnut Avenue
Clark, NJ 07066
Clark, NJ 07066
Phone Number
(908) 252-5000
NAIC Number
10852
Website
Largest Affiliates
