Major Rating Factors:
Good long-term capitalization index (5.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -0.4%.
Other Rating Factors:
Excellent liquidity (8.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (30.1%), comm multi (12.6%), product liab. (4.6%), personal/comm auto (3.9%), work comp (1.1%), other (47.6%)
Licensed in:
All states and Canada, GU, MP, PR
Principal Investments:
Investment grade bonds (61.5%), common stock (21.9%), non investment grade bonds (0.5%), cash (0.3%), other (15.7%)
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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