Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020 and 2021. Return on equity has been low, averaging 3.4% over the past five years. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent over the last several years. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (9.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
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:
Fire (28.0%), product liab. (5.9%), comm multi (1.6%), personal/comm auto (0.2%), other (64.3%)
Licensed in:
All states and Canada, GU, MP, PR
Principal Investments:
Investment grade bonds (56.5%), common stock (27.9%), non investment grade bonds (0.8%), cash (0.5%), other (14.2%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
225 West Washington Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(888) 466-7883
NAIC Number
35300
Website
Largest Affiliates