American Family Connect P&C Co

Madison, WI

Rating Date

June 2026

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

25.98

Risk Adjusted
Capital Ratio #2

16.23

Loss
Ratio

Total
Assets

1.31B

Capital

614.27M

Net
Premiums

0.00

Net
Income

12.63M

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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2022. 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.

Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification.

Stability Factors:

Principal Lines of Business: Personal/comm auto (79.5%), homeowners (2.2%), comm multi (1.1%), fin guar/surety (0.4%), work comp (0.2%), med mal (0.2%), other (16.4%)

Licensed in: All states

Principal Investments: Investment grade bonds (89.1%), non investment grade bonds (4.6%), common stock (2.7%), cash (1.3%), other (2.3%)

Ratios

Premium to Surplus

Reserve to Surplus

1-Year Reserve Development

0.00%

2-Year Reserve Development

0.00%

Expense Ratio

Combined Ratio

Cash From Underwriting