Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the one year reserve development was 28.7% deficient. Fair profitability index (4.8) with operating losses during 2022 and 2025. Fair overall results on stability tests (3.0) including. The largest net exposure for one risk is excessive at 5.2% of capital.
Other Rating Factors:
Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (85.9%), work comp (14.1%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (71.4%), common stock (16.0%), cash (12.6%)
Corporate Info
Group Affiliation
Transit Financial LLC
Investment Rating
--
Company Address
8755 West Higgins Road
Chicago, IL 60631
Chicago, IL 60631
Phone Number
(773) 653-2348
NAIC Number
13660
Website
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