Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite excessive premium growth. Other stability subfactors include potential support from affiliation with Auto Club Ins Association Group, good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.5) with operating losses during 2020 and 2023. Return on equity has been fair, averaging 10.4% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (9.9) 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 (58.2%), homeowners (40.9%), other (0.9%)
Licensed in:
NC
Principal Investments:
Cash (81.6%), investment grade bonds (17.0%), other (1.4%)
Ratios
Premium to Surplus
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
3426 Toringdon Way
Charlotte, NC 28277
Charlotte, NC 28277
Phone Number
(336) 771-0400
NAIC Number
12617
Website
Largest Affiliates