Concert Ins Co
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with small operating losses during 2021 and 2023. Fair overall results on stability tests (3.6) including weak results on operational trends. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.3%), comm multi (7.0%), homeowners (0.1%), other (56.6%)
Licensed in:
All states except ME, MN, NJ, NY
Principal Investments:
Investment grade bonds (57.7%), cash (14.1%), preferred stock (10.0%), non investment grade bonds (6.3%), common stock (6.1%), other (5.9%)
Corporate Info
Group Affiliation
Concert Group Holdings Inc
Investment Rating
--
Company Address
44 S. Vail Avenue
Arlington Heights, IL 60005
Arlington Heights, IL 60005
Phone Number
(847) 307-6300
NAIC Number
10891
Website
Largest Affiliates