Integon Indemnity Corp
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth. The largest net exposure for one risk is excessive at 8.4% of capital. Good overall profitability index (5.1) with small operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 3.5% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (96.4%), homeowners (1.5%), other (2.1%)
Licensed in:
All states except CA, CT, DC, HI, MA, ME, MI, MN, MT, NH, NJ, NY, VT, WY
Principal Investments:
Common stock (70.3%), investment grade bonds (27.8%), preferred stock (0.2%), other (1.7%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(336) 435-2000
NAIC Number
22772
Website
Largest Affiliates
