B
Alfa Ins Corp
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
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Capital
Net
Premiums
Net
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Major Rating Factors: Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2020, 2023 and the first three months of 2025. Return on equity has been low, averaging 3.2% over the past five years. Good overall results on stability tests (6.1) despite. The largest net exposure for one risk is high at 3.4% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. 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%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Phone Number
(800) 964-2532
NAIC Number
22330
Largest Affiliates
B
Montgomery, AL - P&C
C
Montgomery, AL - L&A
B
Montgomery, AL - P&C
B
Montgomery, AL - P&C
B
Franklin, TN - P&C