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. 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.
Other Rating Factors:
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. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
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
(630) 887-8300 3811
NAIC Number
11223
Website
Largest Affiliates