Major Rating Factors:
Weak profitability index (2.3 on a scale of 0 to 10) with operating losses during 2022, 2023 and the first nine months of 2024. Return on equity has been fair, averaging 6.5% over the past five years. Good overall results on stability tests (5.6) despite excessive premium growth and negative cash flow from operations for 2023. 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:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
CA, IA, NM
Principal Investments:
Cash (65.3%), non investment grade bonds (1.7%), investment grade bonds (0.4%), other (32.6%)
Ratios
Premium to Surplus
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
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Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
14144
Website
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Largest Affiliates