Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with small operating losses during 2024. Return on equity has been low, averaging 3.3% over the past five years. Good long-term capitalization index (6.5) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. Good overall results on stability tests (6.2) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.1% of capital.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (19.5%), personal/comm auto (17.6%), work comp (10.0%), comm multi (3.2%), med mal (2.3%), homeowners (0.8%), product liab. (0.4%), fire (0.2%), other (46.1%)
Licensed in:
All states except CT, DE, HI, LA, MA, ME, MO, MS, NC, NH, NY, RI, TN, VT
Principal Investments:
Investment grade bonds (60.6%), cash (20.4%), non investment grade bonds (9.2%), preferred stock (7.0%), other (2.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
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Company Address
10805 Old Mill Road
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 827-3424
NAIC Number
35246
Website
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Largest Affiliates