Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.1) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.7) with operating losses during 2021 and 2022. Return on equity has been low, averaging 3.0% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL, AR, IL, KY, TN
Principal Investments:
Investment grade bonds (88.0%), cash (11.3%), non investment grade bonds (0.6%)
Corporate Info
Group Affiliation
Safeway Financial Holding Co
Investment Rating
--
Company Address
790 Pasquinelli Drive
Westmont, IL 60559
Westmont, IL 60559
Phone Number
--
NAIC Number
11223
Website
Largest Affiliates