Alfa Ins Corp
Major Rating Factors:
Good liquidity (5.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. The largest net exposure for one risk is high at 3.1% of capital. Other stability subfactors include potentially strong support from affiliation with Alfa Mutual Group, good operational trends and excellent risk diversification. Fair profitability index (3.8) with operating losses during 2020 and 2023. Return on equity has been low, averaging 3.2% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (67.4%), homeowners (24.6%), comm multi (5.6%), farmowners (0.4%), fire (0.3%), other (1.6%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (65.4%), common stock (8.0%), cash (6.4%), preferred stock (1.5%), non investment grade bonds (0.3%), other (18.4%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(800) 964-2532
NAIC Number
22330
Website
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