Aegis Security Ins Co
Major Rating Factors:
Weak profitability index (2.5 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -8.8%. Fair long-term capitalization index (3.1) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. A history of deficient reserves (2.9) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 24.2% and 30.5% deficient respectively.
Other Rating Factors:
Good overall results on stability tests (5.9) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (92.6%), personal/comm auto (6.8%), fin guar/surety (0.5%), other (0.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.1%), common stock (6.4%), cash (5.0%), preferred stock (1.0%), other (5.5%)
Corporate Info
Group Affiliation
LD Investments LLC
Investment Rating
--
Company Address
4431 North Front Street
Harrisburg, PA 17110
Harrisburg, PA 17110
Phone Number
(877) 640-1094
NAIC Number
33898
Website
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