Major Rating Factors: Weak overall results on stability tests (2.3 on a scale of 0 to 10). Good overall profitability index (5.6) despite operating losses during the first six months of 2022. Return on equity has been good over the last five years, averaging 13.2%.
Other Rating Factors: Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (98.8%), acc & health (0.3%), homeowners (0.2%), other (0.7%)
Licensed in: CO, IL, IN, IA, KS, LA, MD, MO, NV, NJ, OH, PA, TN, TX, VA, WI
Principal Investments: Investment grade bonds (81.9%), common stock (16.6%), non investment grade bonds (0.1%), other (1.4%)