ASMI Auto Ins Co
Major Rating Factors:
History of adequate reserve strength (5.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.9) despite excessive premium growth, lack of operational experience and fair risk adjusted capital in prior years. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Other Rating Factors:
Excellent profitability index (9.1) despite modest operating losses during the first nine months of 2024. Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
IL, MI
Principal Investments:
Investment grade bonds (90.0%), common stock (6.3%), other (3.7%)
Ratios
Premium to Surplus
--
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
--
Net Premium Growth
--
Investments in Affiliates
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
3100 Sanders Road
Northbrook, IL 60062
Northbrook, IL 60062
Phone Number
(847) 402-5000
NAIC Number
16960
Website
Largest Affiliates