C
UNITED SECURITY INSURANCE CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
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Major Rating Factors: Weak overall results on stability tests (2.9 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.6% of capital. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent profitability (7.7). Return on equity has been good over the last five years, averaging 13.9%.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (97.9%), other (2.1%)
Licensed in: AZ, AR, GA, IL, IN, MO, NE, OK, TX
Principal Investments: Investment grade bonds (85.2%), common stock (10.8%), cash (1.0%), other (3.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
J and P Holdings Inc
Investment Rating
--
Company Address
6640 S Cicero Avenue
Bedford Park, IL 60638
Phone Number
(414) 369-5033
NAIC Number
81108
Largest Affiliates
D
Bedford Park, IL - P&C
Weiss Ratings