HAYMARKET INS CO
Major Rating Factors:
Poor capitalization (2.1 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (0.4) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (2.1) with operating losses during 2022. Return on equity has been low, averaging -2.8%.
Other Rating Factors:
Weak overall results on stability tests (1.9) including weak risk adjusted capital in prior years. Excellent Liquidity (9.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (100.0%)
Licensed in:
NE, SC, UT