Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020 and 2021. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends 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.
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
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