American Mercury Lloyds Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating gains in each of the last five years. Return on equity has been low, averaging 1.4% over the past five years. Fair overall results on stability tests (3.8) including excessive premium growth. Strengths include potentially strong support from affiliation with Mercury General Corporation.
Other Rating Factors:
Vulnerable liquidity (2.3) as a spike in claims may stretch capacity. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (72.9%), cash (22.0%), other (5.1%)
Corporate Info
Group Affiliation
Mercury General Corporation
Investment Rating
Company Address
500 N. Meridian
Oklahoma City, OK 73107
Oklahoma City, OK 73107
Phone Number
(405) 621-6590
NAIC Number
25470
Website
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