Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2). Fair overall results on stability tests (4.4) including excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Everett Cash Mutual Ins Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (60.4%), personal/comm auto (9.1%), homeowners (3.8%), farmowners (3.5%), other (23.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (81.3%), other (18.7%)
Corporate Info
Group Affiliation
Everett Cash Mutual Ins Co
Investment Rating
--
Company Address
3800 N. Central Avenue
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(800) 326-4968
NAIC Number
19615
Website
Largest Affiliates