ALFA MUTUAL FIRE INS CO
Major Rating Factors:
Fair liquidity (3.1 on a scale of 0 to 10) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (4.7) including weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.9) that can protect against increases in claims costs. Weak profitability index (2.8) with operating losses during 2022.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (38.2%), other (61.8%)
Licensed in:
AL, MD, VA
Principal Investments:
Investment grade bonds (44.1%), common stock (32.9%), non investment grade bonds (3.8%), cash (3.0%), real estate (0.4%), other (15.8%)
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
19143
Website
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