ASure Worldwide Ins Co
Major Rating Factors:
Good overall results on stability tests (6.3 on a scale of 0 to 10) despite. Strengths include potentially strong support from affiliation with Frankenmuth Ins Co. Fair profitability index (4.2) with operating losses during 2023. Return on equity has been low, averaging 2.1% over the past five years. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (38.6%), comm multi (27.5%), homeowners (12.9%), work comp (8.7%), fin guar/surety (2.4%), fire (0.6%), product liab. (0.4%), other (8.9%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (99.2%), cash (0.5%), other (0.3%)
Corporate Info
Group Affiliation
Frankenmuth Ins Co
Investment Rating
--
Company Address
One Mutual Avenue
Frankenmuth, MI 48787
Frankenmuth, MI 48787
Phone Number
(989) 652-6121
NAIC Number
11511
Website
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