C
Permanent General Assr Corp
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
--
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.7) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Sentry Mutual Holding Co, good operational trends and excellent risk diversification. Vulnerable liquidity (2.3) as a spike in claims may stretch capacity.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (9.2) despite modest operating losses during the first three months of 2025. Excellent expense controls. Return on equity has been excellent over the last five years averaging 15.7%.
Stability Factors: G - Fast asset or premium growth. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (100.0%)
Licensed in: All states except MI
Principal Investments: Investment grade bonds (90.7%), cash (0.1%), other (9.2%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Sentry Mutual Holding Co
Investment Rating
--
Company Address
2636 Elm Hill Pike
Nashville, TN 37214
Phone Number
(615) 242-1961
NAIC Number
37648
Largest Affiliates
B
Stevens Point, WI - P&C
A
STEVENS POINT, WI - L&A
B
Stevens Point, WI - P&C
B
Stevens Point, WI - P&C
B
Stevens Point, WI - P&C