Direct General Ins Co
Major Rating Factors:
Weak overall results on stability tests (0.9 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is excessive at 20.9% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Good profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (98.8%), other (1.2%)
Licensed in:
AL, CA, FL, GA, IL, IN, KS, MO, MS, OK, PA, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (94.9%), other (5.1%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(336) 435-2000
NAIC Number
42781
Website
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