Major Rating Factors:
Fair reserve development (3.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2022. Return on equity has been low, averaging 4.7% over the past five years. Good overall results on stability tests (6.1) despite excessive premium growth and negative cash flow from operations for 2023.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (69.5%), homeowners (15.6%), comm multi (1.1%), fin guar/surety (0.4%), med mal (0.3%), other (13.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (90.6%), non investment grade bonds (3.8%), common stock (2.8%), cash (0.6%), other (2.3%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 American Parkway
Madison, WI 53783
Madison, WI 53783
Phone Number
(608) 249-2111 31167
NAIC Number
29068
Website
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