Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with small operating losses during 2025. Good overall results on stability tests (5.8) despite excessive premium growth and lack of operational experience. The largest net exposure for one risk is high at 3.7% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (81.4%), fire (1.1%), homeowners (0.8%), other (16.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (95.1%), cash (0.7%), other (4.2%)
Corporate Info
Group Affiliation
Prime Holdings Ins Services Inc
Investment Rating
--
Company Address
8722 South 300 West
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(801) 304-5500
NAIC Number
17694
Website
Largest Affiliates