ECONOMY FIRE & CAS CO
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021 and 2022. Return on equity has been low, averaging 2.6% over the past five years. Fair overall results on stability tests (4.7) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (61.9%), homeowners (33.6%), other (4.5%)
Licensed in:
All states except DC, DE, ME, MA, NJ, RI, SC, PR
Principal Investments:
Investment grade bonds (78.4%), common stock (20.5%), non investment grade bonds (0.6%), cash (0.5%)
Corporate Info
Group Affiliation
MetLife Inc
Investment Rating
--
Company Address
3333 Warrenville Road Suite 25
LISLE, IL 60532
LISLE, IL 60532
Phone Number
(800) 638-4208
NAIC Number
22926
Website
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