ALFA MUTUAL GENERAL INS CO
Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with Alfa Ins Group. The largest net exposure for one risk is conservative at 1.5% of capital. Fair liquidity (4.3) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.8) that can protect against increases in claims costs. Weak profitability index (2.9) 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:
Homeowners (56.8%), personal/comm auto (42.2%), other (1.0%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (59.9%), common stock (30.4%), non investment grade bonds (4.2%), preferred stock (0.6%), real estate (0.2%), other (4.7%)
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
19151
Website
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