United Equitable Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.9% of capital.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2021, 2022, 2023 and the first six months of 2025. Return on equity has been low, averaging 3.6% over the past five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (100.0%)
Licensed in:
IL, IN, MO, PA, WI
Principal Investments:
Investment grade bonds (51.2%), preferred stock (10.2%), cash (3.0%), other (35.7%)
Corporate Info
Group Affiliation
United Equitable Group Ltd
Investment Rating
--
Company Address
9040 Waukegan Road
Morton Grove, IL 60053
Morton Grove, IL 60053
Phone Number
(847) 583-4600
NAIC Number
24910
Website
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