ALFA MUTUAL INS CO
Major Rating Factors:
Fair profitability index (4.5 on a scale of 0 to 10) with operating losses during 2018 and 2022. Fair liquidity (4.3) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Fair overall results on stability tests (4.9) including weak results on operational trends. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.3) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (58.4%), homeowners (30.0%), farmowners (6.3%), comm multi (4.0%), other (1.3%)
Licensed in:
AL, FL, GA, IL, IN, KY, NC, OH, VA
Principal Investments:
Investment grade bonds (41.5%), common stock (36.6%), non investment grade bonds (2.8%), real estate (2.2%), cash (2.0%), preferred stock (0.7%), other (14.3%)
Corporate Info
Group Affiliation
Alfa Ins Group
Investment Rating
--
Company Address
2108 East South Boulevard
MONTGOMERY, AL 36116
MONTGOMERY, AL 36116
Phone Number
(334) 613-4557
NAIC Number
19135
Website
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