Castle Key Indemnity Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Vulnerable liquidity (2.6) as a spike in claims may stretch capacity. Good overall profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.8% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.4) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. 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.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.8%), other (0.2%)
Licensed in:
FL, IL
Principal Investments:
Investment grade bonds (94.8%), other (5.2%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
3100 Sanders Road
Northbrook, IL 60062
Northbrook, IL 60062
Phone Number
(847) 402-5000
NAIC Number
10835
Website
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