Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. 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 2021.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent profitability index (8.0) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 21.9%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.6%), other (0.4%)
Licensed in:
AL, AR, AZ, CA, FL, GA, IL, IN, LA, MN, MO, MS, NE, NM, OH, OK, PA, SC, TN, TX, VA, WV
Principal Investments:
Investment grade bonds (57.7%), common stock (30.6%), cash (10.5%), non investment grade bonds (0.2%), other (1.1%)
Corporate Info
Group Affiliation
AssuranceAmerica Corporation
Investment Rating
--
Company Address
100 Galleria Pkwy SE
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(770) 952-0200 6166
NAIC Number
11558
Website
Largest Affiliates