Major Rating Factors:
Strong long-term capitalization index (7.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.2) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (45.2%), personal/comm auto (39.9%), comm multi (5.1%), farmowners (1.2%), work comp (0.4%), med mal (0.3%), fin guar/surety (0.2%), other (7.7%)
Licensed in:
AZ, CO, GA, IA, ID, IL, IN, KS, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, SC, SD, TN, TX, UT, VA, WA, WI, WY
Principal Investments:
Investment grade bonds (65.9%), common stock (14.4%), non investment grade bonds (3.6%), preferred stock (0.4%), real estate (0.4%), other (15.3%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 American Parkway
Madison, WI 53783
Madison, WI 53783
Phone Number
(608) 249-2111
NAIC Number
19275
Website
Largest Affiliates