Major Rating Factors: Fair long-term capitalization index (4.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. Fair profitability index (3.4) with operating losses during 2017, 2018, 2020 and the first six months of 2022.
Other Rating Factors: Fair overall results on stability tests (4.0) including fair risk adjusted capital in prior years. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (53.5%), homeowners (33.3%), comm multi (8.9%), work comp (0.4%), fire (0.2%), other (3.7%)
Licensed in: All states except AK, HI, PR
Principal Investments: Common stock (58.2%), investment grade bonds (33.2%), real estate (2.0%), non investment grade bonds (0.8%), cash (0.6%), other (5.2%)