Major Rating Factors:
Weak profitability index (1.7 on a scale of 0 to 10) with operating losses during 2022 and 2023. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (6.9) despite negative cash flow from operations for 2024. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (27.8%), med mal (3.4%), comm multi (1.9%), fin guar/surety (1.4%), fire (0.7%), product liab. (0.2%), work comp (0.1%), other (64.5%)
Licensed in:
(No states)
Principal Investments:
Cash (64.0%), common stock (15.1%), preferred stock (14.9%), investment grade bonds (3.8%), non investment grade bonds (2.0%), other (0.1%)
Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
--
Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
16543
Website
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Largest Affiliates