Major Rating Factors:
Good overall results on stability tests (6.7 on a scale of 0 to 10) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Fair profitability index (4.8) with operating losses during 2022. Return on equity has been low, averaging 3.3% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AL, AR, CT, HI, KY, LA, NC, NH, NY, OH, RI, TN, VA, VT
Principal Investments:
Common stock (70.5%), investment grade bonds (23.1%), cash (5.9%), real estate (0.3%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
Safeway Financial Holding Co
Investment Rating
--
Company Address
790 Pasquinelli Drive
Westmont, IL 60559
Westmont, IL 60559
Phone Number
--
NAIC Number
12521
Website
Largest Affiliates