United Svcs Automobile Assn
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.3% over the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (56.2%), homeowners (36.6%), fire (1.0%), other (6.2%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Common stock (54.1%), investment grade bonds (31.5%), real estate (3.4%), non investment grade bonds (0.5%), other (10.5%)
Corporate Info
Group Affiliation
United Services Automobile Association
Investment Rating
--
Company Address
9800 Fredericksburg Rd.
San Antonio, TX 78288
San Antonio, TX 78288
Phone Number
(210) 531-8722
NAIC Number
25941
Website
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