ALFA GENERAL INS CORP
Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with Alfa Ins Group. The largest net exposure for one risk is acceptable at 2.6% of capital. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Weak profitability index (2.8). Fair expense controls. Return on equity has been low, averaging 4.1% over the past five years. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (61.5%), personal/comm auto (38.5%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (50.8%), common stock (33.5%), preferred stock (2.0%), non investment grade bonds (1.3%), cash (0.4%), other (12.1%)
Corporate Info
Group Affiliation
Alfa Ins Group
Investment Rating
--
Company Address
2108 East South Boulevard
MONTGOMERY, AL 36116
MONTGOMERY, AL 36116
Phone Number
(334) 613-4557
NAIC Number
41661
Website
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