Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with modest operating losses during the first nine months of 2024. Return on equity has been low, averaging 2.5% over the past five years. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (19.1%), work comp (10.7%), personal/comm auto (4.9%), homeowners (4.7%), comm multi (1.4%), fire (0.4%), product liab. (0.3%), other (58.5%)
Licensed in:
All states except AK, HI, ID
Principal Investments:
Cash (57.9%), common stock (26.6%), investment grade bonds (4.4%), other (11.0%)
Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
--
Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
21962
Website
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Largest Affiliates