Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.1) despite weak results on operational trends.
Other Rating Factors:
Fair profitability index (3.5) with operating losses during 2022. Return on equity has been low, averaging 2.4% over the past five years. Fair liquidity (3.4) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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 (42.4%), personal/comm auto (42.3%), comm multi (6.5%), farmowners (3.1%), work comp (0.4%), other (5.3%)
Licensed in:
AZ, CO, FL, GA, ID, IL, IN, IA, KS, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SC, SD, TN, TX, UT, VA, WA, WI, WY
Principal Investments:
Investment grade bonds (57.7%), common stock (20.6%), non investment grade bonds (2.6%), real estate (0.7%), other (18.4%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
6000 AMERICAN PARKWAY
MADISON, WI 53783
MADISON, WI 53783
Phone Number
(414) 369-5033
NAIC Number
19275
Website
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