Major Rating Factors:
Poor long-term capitalization index (1.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). A history of deficient reserves (0.8) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 22.8% and 89.1% deficient. Weak profitability index (1.6) with operating losses during each of the last five years.
Other Rating Factors:
Fair overall results on stability tests (3.3) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 8.1% of capital. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except CO, CT, ME, NH, NY, SD, TN, VT
Principal Investments:
Investment grade bonds (60.9%), non investment grade bonds (0.9%), cash (0.6%), common stock (0.2%), other (37.3%)
Corporate Info
Group Affiliation
Presurance Holdings Inc
Investment Rating
Company Address
3001 West Big Beaver Road
Troy, MI 48084
Troy, MI 48084
Phone Number
(248) 509-9202
NAIC Number
11932
Largest Affiliates