Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (8.6) with operating gains in each of the last five years. Excellent expense controls.
Other Rating Factors:
Superior liquidity (9.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Comm multi (49.8%), fire (22.4%), personal/comm auto (1.1%), work comp (0.2%), other (26.5%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (87.2%), common stock (12.8%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(212) 344-3000
NAIC Number
10936
Website
Largest Affiliates