USAA CASUALTY INS CO
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.1) despite weak results on operational trends.
Other Rating Factors:
Fair profitability index (3.9) with operating losses during 2022. Return on equity has been low, averaging 3.6% over the past five years. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Vulnerable liquidity (2.1) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (62.3%), homeowners (32.6%), fire (0.6%), other (4.5%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (49.4%), common stock (27.3%), non investment grade bonds (1.0%), other (22.3%)