Major Rating Factors:
Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -3.2%. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 18.4% deficient. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2024.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (71.7%), homeowners (24.7%), comm multi (0.7%), other (2.9%)
Licensed in:
IL, NJ
Principal Investments:
Investment grade bonds (78.5%), common stock (11.1%), non investment grade bonds (8.1%), other (2.3%)
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