Major Rating Factors:
Good overall profitability index (5.0 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Excellent expense controls. Return on equity has been low, averaging 1.0% over the past five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.5) despite weak results on operational trends.
Other Rating Factors:
Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (33.2%), fire (9.9%), personal/comm auto (7.8%), work comp (3.0%), product liab. (0.4%), other (45.7%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (68.1%), common stock (19.9%), cash (2.1%), non investment grade bonds (0.3%), other (9.6%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
225 West Washington Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(888) 466-7883
NAIC Number
21873
Website
Largest Affiliates