Safeway Ins Co of GA
Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability index (4.7) with operating losses during 2022. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
GA, IL
Principal Investments:
Investment grade bonds (96.8%), cash (2.1%), non investment grade bonds (1.2%)
Corporate Info
Group Affiliation
Safeway Financial Holding Co
Investment Rating
--
Company Address
1165 Sanctuary Parkway
Alpharetta, GA 30009
Alpharetta, GA 30009
Phone Number
(678) 319-4425
NAIC Number
25640
Website
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