Independence American Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair liquidity (4.5) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (4.1) including weak results on operational trends.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.6) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.3%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (96.1%), cash (1.3%), non investment grade bonds (1.1%), other (1.5%)
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