Hyundai Marine & Fire Ins Co
Major Rating Factors:
Strong long-term capitalization index (7.6 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 (9.4) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (6.9) with operating gains in each of the last five years. Return on equity has been low, averaging 3.9% over the past five years. Good overall results on stability tests (5.9) despite. Stability strengths include good operational trends and good risk diversification.
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:
Homeowners (36.0%), fire (20.8%), personal/comm auto (12.3%), work comp (0.9%), other (30.0%)
Licensed in:
AL, CA, GA, HI, IL, MA, NJ, NY, OR
Principal Investments:
Investment grade bonds (90.1%), cash (9.6%), other (0.3%)
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
No affiliate information available.