Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2020, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -5.0%.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
(No states)
Principal Investments:
Cash (30.6%), other (69.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
855 West Washington Street
Chicago, IL 60607
Chicago, IL 60607
Phone Number
(312) 666-8800
NAIC Number
10658
Website
Largest Affiliates
No affiliate information available.