Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -2.3%. Good long-term capitalization index (6.6) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.8). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (43.3%), homeowners (40.4%), comm multi (6.5%), farmowners (1.1%), work comp (0.5%), med mal (0.3%), fin guar/surety (0.3%), other (7.6%)
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 (64.9%), common stock (19.3%), non investment grade bonds (0.9%), preferred stock (0.6%), real estate (0.5%), cash (0.3%), other (13.4%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 American Parkway
Madison, WI 53783
Madison, WI 53783
Phone Number
(608) 242-4100
NAIC Number
19275
Website
Largest Affiliates
