C
AMERICAN FAM CONNECT PC CO
Data as of
September 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (3.0) with operating losses during 2017 and the first six months of 2022. Return on equity has been low, averaging 2.9% over the past five years.
Other Rating Factors: Fair overall results on stability tests (3.6). Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (72.8%), homeowners (26.3%), other (1.0%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (88.8%), non investment grade bonds (4.3%), common stock (2.6%), cash (0.5%), other (3.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Ameriprise Financial Group
Investment Rating
--
Company Address
3500 Packerland Drive
DE PERE, WI 54115
Phone Number
(920) 330-5100
NAIC Number
29068
Largest Affiliates
A
C
JACKSONVILLE, FL - P&C
C
Weiss Ratings