D
GREYSTONE INSURANCE CO
Data as of
June 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
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Total
Assets
Capital
Net
Premiums
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Major Rating Factors: Weak overall results on stability tests (1.5 on a scale of 0 to 10) including potential drain of affiliation with Fairfax Financial. The largest net exposure for one risk is excessive at 7.8% of capital. Good overall profitability index (5.7) despite operating losses during 2020 and 2021. Return on equity has been fair, averaging 5.8% over the past five years.
Other Rating Factors: Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Reinsurance (100.0%)
Licensed in: All states except CA, FL
Principal Investments: Investment grade bonds (48.7%), common stock (22.6%), cash (7.1%), non investment grade bonds (2.9%), preferred stock (2.3%), other (16.4%)
Ratios
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Fairfax Financial
Investment Rating
--
Company Address
300 FIRST STAMFORD PLACE
STAMFORD, CT 6902
Phone Number
(203) 977-8000
NAIC Number
10019
Largest Affiliates
C
STAMFORD, CT - P&C
C
WILMINGTON, DE - P&C
C
CONCORD, NH - P&C
C
WILMINGTON, DE - P&C
B
WILMINGTON, DE - P&C
Weiss Ratings