B
Direct Auto Ins Co
ChicagoIL
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. Fair profitability index (4.7) with operating losses during 2022. Return on equity has been fair, averaging 5.9% over the past five years.
Other Rating Factors: Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Superior liquidity (9.1) 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 (81.5%), homeowners (6.3%), farmowners (4.9%), comm multi (4.0%), fire (0.1%), other (3.1%)
Licensed in: IL, ND
Principal Investments: Investment grade bonds (74.8%), common stock (12.9%), cash (2.1%), preferred stock (1.1%), other (9.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Nodak Mutual Group Inc
Investment Rating
Company Address
8700 Bryn Mawr Avenue
Chicago, IL 60631
Phone Number
(312) 568-4500
NAIC Number
12721
Largest Affiliates
B
Fargo, ND - P&C
C
Owings Mills, MD - P&C
B
Fargo, ND - P&C
D
Fargo, ND - P&C
C
Spearfish, SD - P&C