C
ASMI Auto Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good long-term capitalization index (6.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Good overall profitability index (5.8) despite operating losses during 2024. Excellent expense controls.
Other Rating Factors: Good overall results on stability tests (6.6) despite excessive premium growth, negative cash flow from operations for 2024, lack of operational experience and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: E - Lack of operating experience. F - Negative cash flow. 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 (90.7%), common stock (6.3%), other (3.0%)
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
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Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
ALL
Company Address
3100 Sanders Road
Northbrook, IL 60062
Phone Number
(847) 402-5000
NAIC Number
16960
Largest Affiliates
C
Northbrook, IL - P&C
D
Winston-Salem, NC - P&C
C
JACKSONVILLE, FL - L&A
C
Winston-Salem, NC - P&C