Utica Lloyds of Texas
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.9) including excessive premium growth. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.8) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (57.9%), personal/comm auto (34.9%), work comp (3.4%), other (3.8%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.6%), other (1.4%)
Corporate Info
Group Affiliation
Utica National Ins Group
Investment Rating
--
Company Address
2435 North Central Expressway
Richardson, TX 75080
Richardson, TX 75080
Phone Number
(800) 598-8422
NAIC Number
10990
Website
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