GRANULAR INSURANCE CO
Major Rating Factors:
Weak profitability (1.1 on a scale of 0 to 10) with operating losses during the first nine months of 2022. Return on equity has been low, averaging -4.5%. Weak overall results on stability tests (1.7) including weak results on operational trends. Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (7.8). Excellent Liquidity (7.2).
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:
Group health (100.0%)
Licensed in:
All states except ME, NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
150 N College Street 22nd Fl
Charleston, SC 29401
Charleston, SC 29401
Phone Number
(980) 386-3640
NAIC Number
93521
Largest Affiliates
No affiliate information available.