Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 26.0% deficient. Good long-term capitalization index (6.1) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. Excellent overall profitability index (6.9) despite operating losses during 2023.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Comm multi (7.8%), fire (1.3%), personal/comm auto (1.3%), other (89.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (86.8%), non investment grade bonds (6.1%), cash (2.2%), common stock (0.9%), other (4.1%)
Corporate Info
Group Affiliation
Hiscox Ltd
Investment Rating
--
Company Address
125 S Wacker DR.
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(312) 380-5555
NAIC Number
10200
Website
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