Major Rating Factors:
Weak overall results on stability tests (2.7 on a scale of 0 to 10) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 11.0% of capital. Fair long-term capitalization index (3.0) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. Fair profitability index (3.4) with operating losses during 2021 and 2024. Return on equity has been low, averaging 0.3% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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 (87.2%), work comp (12.8%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (68.5%), cash (31.5%)
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
16223
Website
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