Austin Mutual Ins Co
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 overall results on stability tests (6.6) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.0) with small operating losses during 2021. Excellent expense controls. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (40.5%), comm multi (39.5%), homeowners (15.3%), fire (0.3%), work comp (0.3%), other (4.2%)
Licensed in:
All states except CA, CT, DC, GA, HI, MA, MD, ME, NH, NJ, NM, NV, NY, RI, VA, VT, WV
Principal Investments:
Investment grade bonds (98.8%), cash (0.2%), other (1.0%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
4601 Touchton Road, East
Jacksonville, FL 32246
Jacksonville, FL 32246
Phone Number
(800) 207-0446
NAIC Number
13412
Website
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