Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating losses during 2022. Excellent expense controls. Return on equity has been low, averaging 4.9% over the past five years. 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 (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (76.9%), homeowners (8.7%), comm multi (0.9%), med mal (0.2%), other (13.3%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (85.5%), cash (3.5%), non investment grade bonds (3.5%), common stock (2.6%), other (4.8%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 American Parkway
Madison, WI 53783
Madison, WI 53783
Phone Number
(888) 239-9953
NAIC Number
29068
Website
Largest Affiliates