B
MEMBERSELECT INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.6 on a scale of 0 to 10) including potential drain of affiliation with Automobile Club of Michigan Group, weak results on operational trends and negative cash flow from operations for 2022. Fair profitability index (4.3) with operating losses during 2022. Return on equity has been low, averaging 2.5% over the past five years.
Other Rating Factors: Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.9) that helps to protect the company against sharp claims increases.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (76.2%), homeowners (22.9%), other (0.9%)
Licensed in: GA, IL, IN, IA, MD, MI, MN, NE, ND, OH, TN
Principal Investments: Investment grade bonds (96.9%), other (3.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Automobile Club of Michigan Group
Investment Rating
--
Company Address
1 Auto Club Drive
DEARBORN, MI 48126
Phone Number
(313) 336-9002
NAIC Number
21229
Largest Affiliates
B
DEARBORN, MI - P&C
C
Dearborn, MI - L&A
C
TAMPA, FL - P&C
C
DEARBORN, MI - P&C
C
AUBURN HILLS, MI - P&C
Weiss Ratings