Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2020. Return on equity has been low, averaging 2.1% over the past five years. Fair overall results on stability tests (4.1) including weak results on operational trends.
Other Rating Factors:
Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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. Ample reserve history (8.0) that helps to protect the company against sharp claims increases.
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, AZ, AR, CO, IN, KY, MO, NV, OH, SC, TN, TX, UT, VA, WI
Principal Investments:
Investment grade bonds (52.3%), common stock (36.6%), cash (4.1%), non investment grade bonds (1.5%), preferred stock (1.0%), other (4.5%)
Corporate Info
Group Affiliation
Alfa Ins Group
Investment Rating
--
Company Address
2108 East South Boulevard
MONTGOMERY, AL 36116
MONTGOMERY, AL 36116
Phone Number
(334) 613-4557
NAIC Number
12188
Website
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