Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -5.7%. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL, IN, TN, TX, WA
Principal Investments:
Investment grade bonds (72.4%), other (27.6%)
Corporate Info
Group Affiliation
Premier Holdings LLC
Investment Rating
--
Company Address
2 Maryland Farms
Brentwood, TN 37027
Brentwood, TN 37027
Phone Number
(847) 700-9100
NAIC Number
42862
Website
Largest Affiliates