Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including weak results on operational trends. Good long-term capitalization index (5.7) based on good current risk adjusted capital (moderate loss scenario). Over the last several years, capital levels have remained relatively consistent.
Other Rating Factors:
Good overall profitability index (6.0) despite modest operating losses during 2022. Return on equity has been good over the last five years, averaging 12.4%. Good liquidity (5.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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 (99.4%), homeowners (0.1%), other (0.5%)
Licensed in:
CO, IL, IN, IA, KS, LA, MD, MO, NV, NJ, OH, PA, TN, TX, VA, WI
Principal Investments:
Investment grade bonds (82.2%), common stock (15.6%), non investment grade bonds (0.2%), other (1.9%)
Corporate Info
Group Affiliation
J and P Holdings Inc
Investment Rating
--
Company Address
6640 South Cicero Avenue
Bedford Park, IL 60638
Bedford Park, IL 60638
Phone Number
(708) 552-4620
NAIC Number
13587
Largest Affiliates
