American Family Connect Ins Co

Madison, WI

Rating Date

June 2025

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

132.30

Risk Adjusted
Capital Ratio #2

66.10

Loss
Ratio

Total
Assets

14.75M

Capital

14.69M

Net
Premiums

0.00

Net
Income

117.58K

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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 profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.9% over the past five years. Good overall results on stability tests (5.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.

Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.3) with ample operational cash flow and liquid investments.

Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.

Principal Lines of Business: Personal/comm auto (98.0%), homeowners (2.0%)

Licensed in: All states except CA, CT, HI, ID, LA, MN, NC, NH, NJ, TN, WA

Principal Investments: Investment grade bonds (96.7%), other (3.3%)

Ratios

Premium to Surplus

Reserve to Surplus

1-Year Reserve Development

0.00%

2-Year Reserve Development

0.00%

Expense Ratio