Major Rating Factors:
Poor long-term capitalization index (1.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Fair overall results on stability tests (4.1) including weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (8.9) with small operating losses during 2020.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (81.6%), cash (3.7%), common stock (1.5%), other (13.2%)
Corporate Info
Group Affiliation
Assicurazioni Generali SpA
Investment Rating
Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 602-7600
NAIC Number
11231
Website
Largest Affiliates