Amer Contractors Ins Co RRG
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.7) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
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 (29.7%), other (70.3%)
Licensed in:
TX
Principal Investments:
Cash (57.8%), investment grade bonds (42.2%)
Corporate Info
Group Affiliation
American Contractors Ins Group Ltd
Investment Rating
--
Company Address
2600 North Central Expressway
Richardson, TX 75080
Richardson, TX 75080
Phone Number
(972) 702-9004
NAIC Number
12300
Website
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