Amerisure Partners Ins Co
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.6) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability index (4.8) with operating losses during 2022 and 2023. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Work comp (31.2%), personal/comm auto (29.3%), comm multi (25.4%), product liab. (2.6%), fin guar/surety (0.9%), other (10.5%)
Licensed in:
All states except CA, CT, ME, NH, NJ
Principal Investments:
Investment grade bonds (98.0%), cash (1.1%), common stock (0.1%), other (0.7%)
Corporate Info
Group Affiliation
Amerisure Mutual Holdings Inc
Investment Rating
--
Company Address
26777 Halsted Road
Farmington Hills, MI 48331
Farmington Hills, MI 48331
Phone Number
(248) 615-9000
NAIC Number
11050
Website
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