Hyundai Marine & Fire Ins Co
Major Rating Factors:
Strong long-term capitalization index (7.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.4) that can protect against increases in claims costs. Good overall profitability index (6.9).
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.4) despite. Stability strengths include good risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (34.7%), fire (21.7%), personal/comm auto (13.2%), product liab. (2.1%), work comp (0.2%), other (28.1%)
Licensed in:
AL, CA, GA, HI, IL, MA, NJ, NY, OR
Principal Investments:
Investment grade bonds (88.5%), cash (6.0%), other (5.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
300 Sylvan Avenue
Englewood Cliffs, NJ 07632
Englewood Cliffs, NJ 07632
Phone Number
(201) 816-4084
NAIC Number
10048
Largest Affiliates
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