Alfa Mutual Ins Co
Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. Fair liquidity (4.7) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (61.8%), homeowners (27.1%), comm multi (3.5%), farmowners (3.1%), fire (0.3%), other (4.3%)
Licensed in:
AL, GA, IN, KY, OH
Principal Investments:
Common stock (40.6%), investment grade bonds (39.2%), cash (1.9%), non investment grade bonds (1.8%), real estate (1.3%), preferred stock (0.6%), other (14.6%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
19135
Website
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