United Equitable Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. 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 1.6% of capital.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 3.6% over the past five years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
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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