Major Rating Factors:
Poor long-term capitalization index (0.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. A history of deficient reserves (0.5) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 18.2% and 109.6% deficient. Weak profitability index (1.2) with operating losses during 2024 and 2025.
Other Rating Factors:
Fair overall results on stability tests (4.7) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.8% of capital. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
CT, FL, HI, IL, KS, KY, MA, MD, NC, NH, NJ, NM, NV, PA, SC, UT, WA
Principal Investments:
Investment grade bonds (98.3%), cash (0.7%), non investment grade bonds (0.3%), other (0.7%)
Corporate Info
Group Affiliation
Prime Holdings Ins Services Inc
Investment Rating
--
Company Address
8722 South Harrison Street
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(801) 304-5500
NAIC Number
14371
Website
Largest Affiliates