Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. Good overall profitability index (5.9) with small operating losses during 2022 and the first nine months of 2024. Return on equity has been low, averaging 3.6% over the past five years.
Other Rating Factors:
Good overall results on stability tests (6.0) despite. 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 acceptable at 2.9% of capital. Excellent liquidity (7.5) 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:
Personal/comm auto (11.8%), homeowners (11.7%), fin guar/surety (7.3%), work comp (6.5%), comm multi (3.5%), fire (1.1%), product liab. (0.3%), farmowners (0.2%), med mal (0.2%), other (57.3%)
Licensed in:
AK, AZ, CA, CT, GA, HI, IA, ID, IL, IN, KS, MD, MO, MT, NC, ND, NJ, NV, NY, OR, PA, TX, UT, VA, WA, WI
Principal Investments:
Real estate (19.7%), investment grade bonds (19.0%), cash (11.7%), non investment grade bonds (2.1%), other (47.6%)
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
38865
Website
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