ALFA INS CORP
Major Rating Factors:
Good liquidity (5.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.7) including weak results on operational trends. Strengths include potentially strong support from affiliation with Alfa Ins Group. The largest net exposure for one risk is acceptable at 2.7% of capital.
Other Rating Factors:
Fair profitability index (3.6) with small operating losses during 2020. Return on equity has been low, averaging 4.9% over the past five years. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.0) that helps to protect the company against sharp claims increases.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (67.2%), homeowners (25.0%), comm multi (5.9%), fire (0.5%), other (1.4%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (65.5%), common stock (8.4%), cash (5.3%), preferred stock (1.1%), non investment grade bonds (0.4%), other (19.3%)
Corporate Info
Group Affiliation
Alfa Ins Group
Investment Rating
--
Company Address
2108 East South Boulevard
MONTGOMERY, AL 36116
MONTGOMERY, AL 36116
Phone Number
(334) 613-4557
NAIC Number
22330
Website
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