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 (6.9) 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:
Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Fair profitability index (4.7) with operating losses during 2022. Return on equity has been low, averaging 3.5% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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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