B
AMERICAN FAM CONNECT PC CO
Rating Date
December 2023
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 (3.5) with operating losses during 2022. Return on equity has been low, averaging 4.3% over the past five years.
Other Rating Factors: Fair overall results on stability tests (4.7) including weak results on operational trends and negative cash flow from operations for 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. Vulnerable liquidity (2.2) as a spike in claims may stretch capacity.
Stability Factors: F - Negative cash flow. G - Fast asset or premium growth. L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Personal/comm auto (72.4%), homeowners (26.8%), other (0.8%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (89.3%), non investment grade bonds (3.6%), common stock (2.7%), cash (0.3%), other (4.1%)
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
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Investments in Affiliates
Corporate Info
Group Affiliation
Ameriprise Financial Group
Investment Rating
--
Company Address
3500 Packerland Drive
DE PERE, WI 54115
Phone Number
(414) 369-5033
NAIC Number
29068
Largest Affiliates
A
C
JACKSONVILLE, FL - P&C
C
Weiss Ratings