Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (70.4%), homeowners (26.3%), comm multi (0.6%), other (2.7%)
Licensed in:
IL, NJ
Principal Investments:
Investment grade bonds (73.9%), common stock (14.1%), non investment grade bonds (6.2%), other (5.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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