Independence American Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including weak results on operational trends. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.6). Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (97.6%), cash (0.5%), non investment grade bonds (0.5%), other (1.4%)
Corporate Info
Group Affiliation
Agnaten SE
Investment Rating
--
Company Address
11333 N. Scottsdale Road
Scottsdale, AZ 85254
Scottsdale, AZ 85254
Phone Number
(877) 559-7919
NAIC Number
26581
Largest Affiliates