Major Rating Factors:
Fair long-term capitalization index (3.9 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair reserve development (3.4) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 16.3% and 22.3%. Fair profitability index (4.9) with operating losses during 2024.
Other Rating Factors:
Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.9% of capital. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (66.6%), fire (1.4%), homeowners (0.7%), other (31.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.0%), common stock (19.5%), non investment grade bonds (0.1%), other (3.4%)
Corporate Info
Group Affiliation
Prime Holdings Ins Services Inc
Investment Rating
--
Company Address
8722 South Harrison Street
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(801) 304-5500
NAIC Number
12588
Website
Largest Affiliates