Alea North America Ins Co
Rating Date
June 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Good overall results on stability tests (6.3 on a scale of 0 to 10) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.3) with operating losses during 2020, 2021, 2022 and the first three months of 2025. Average return on equity over the last five years has been poor at -1.1%. 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.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
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Licensed in:
All states
Principal Investments:
Investment grade bonds (73.6%), cash (1.4%), non investment grade bonds (1.2%), preferred stock (1.0%), other (22.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
Company Address
Five Batterson Park Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(860) 404-9181
NAIC Number
24899
Website
Largest Affiliates