West Virginia Natl Auto Ins Co
Major Rating Factors:
Weak profitability index (2.3 on a scale of 0 to 10) with operating losses during 2023 and 2024. Weak overall results on stability tests (2.6) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
KY, VA, WV
Principal Investments:
Investment grade bonds (96.1%), cash (0.8%), other (3.1%)
Corporate Info
Group Affiliation
Warrior Invictus Holding Co Inc
Investment Rating
--
Company Address
330 Scott Avenue
Morgantown, WV 26508
Morgantown, WV 26508
Phone Number
(304) 296-0507
NAIC Number
10911
Website
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