Safe Auto Ins Co
Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2020, 2022 and 2023. Return on equity has been fair, averaging 9.1% over the past five years. Good overall results on stability tests (5.2) despite excessive premium growth and negative cash flow from operations for 2023. Stability strengths include good historical capital adequacy and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent liquidity (7.0) 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 (100.0%)
Licensed in:
AL, AR, AZ, CA, CO, CT, GA, IL, IN, KS, KY, LA, MD, MN, MO, MS, NV, OH, OK, PA, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (54.4%), common stock (29.2%), cash (9.5%), non investment grade bonds (0.6%), other (6.4%)
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
(800) 526-0332
NAIC Number
25405
Website
Largest Affiliates